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926 W 14th Ave, Covington, LA 70433

3 beds • 2 baths • 2122 sqft

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This property looks like a bad Airbnb investment with a projected -16.21% first-year return on $123k initial cash invested.

-16.21%

Cash On Cash

2.24%

Cap Rate

0.37

DSCR

$2,279

Rent

-$1,665

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,279 income − $3,944 expenses = $1,665 out of pocket

Income$2,279Out of Pocket$1,665Mortgage P&I$2,512110%Property Taxes$1547%Insurance$1848%Management$34215%CapEx$914%Maintenance$914%Other$57025%

Investment Breakdown

|

Purchase Price

$501k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$100k

Closing costs

1%

$5,014

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,279

Total Expenses

$3,944

Mortgage P&I

110%

$2,512

Property Taxes

7%

$154

Home Insurance

8%

$184

HOA

0%

$0

Property Management

15%

$342

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$570

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