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$4,494 (target)

9 Glen Loop, Covington, LA 70435

3 beds • 3 baths • 2554 sqft

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This property might be a fair Mid-Term investment with a projected 3.17% first-year return on $116k initial cash invested.

3.17%

Cash On Cash

7.12%

Cap Rate

1.21

DSCR

$4,494

Rent

$307

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,494 income − $4,187 expenses = $307 cash flow

Income$4,494Mortgage P&I$2,28351%Property Taxes$2135%Insurance$1634%Management$53912%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49411%Cash Flow$307

Investment Breakdown

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Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,400

Closing costs

1%

$4,670

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,494

Total Expenses

$4,187

Mortgage P&I

51%

$2,283

Property Taxes

5%

$213

Home Insurance

4%

$163

HOA

0%

$0

Property Management

12%

$539

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$494

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