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$2,775 (target)

82330 Highway 437, Covington, LA 70435

3 beds • 2 baths • 1362 sqft

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This property might be a fair Mid-Term investment with a projected 9.1% first-year return on $65,250 initial cash invested.

9.1%

Cash On Cash

9.38%

Cap Rate

1.53

DSCR

$2,775

Rent

$495

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,775 income − $2,280 expenses = $495 cash flow

Income$2,775Mortgage P&I$1,15342%Property Taxes$1054%Insurance$793%Management$33312%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30511%Cash Flow$495

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,775

Total Expenses

$2,280

Mortgage P&I

42%

$1,153

Property Taxes

4%

$105

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$333

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$305

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