REI Lense

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$2,996 (target)

9 Glen Loop, Covington, LA 70435

3 beds • 3 baths • 2554 sqft

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This property looks like a bad Long-Term investment with a projected -5.42% first-year return on $98,070 initial cash invested.

-5.42%

Cash On Cash

5.11%

Cap Rate

0.87

DSCR

$2,996

Rent

-$443

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,996 income − $3,439 expenses = $443 out of pocket

Income$2,996Out of Pocket$443Mortgage P&I$2,28376%Property Taxes$2137%Insurance$1635%Management$30010%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

|

Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,070

Downpayment

20%

$93,400

Closing costs

1%

$4,670

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,996

Total Expenses

$3,439

Mortgage P&I

76%

$2,283

Property Taxes

7%

$213

Home Insurance

5%

$163

HOA

0%

$0

Property Management

10%

$300

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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