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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 -14.53% first-year return on $123k initial cash invested.

-14.53%

Cash On Cash

2.69%

Cap Rate

0.45

DSCR

$2,608

Rent

-$1,493

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,608 income − $4,101 expenses = $1,493 out of pocket

Income$2,608Out of Pocket$1,493Mortgage P&I$2,51296%Property Taxes$1546%Insurance$1847%Management$39115%CapEx$1044%Maintenance$1044%Other$65225%

Investment Breakdown

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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

$2,608

Total Expenses

$4,101

Mortgage P&I

96%

$2,512

Property Taxes

6%

$154

Home Insurance

7%

$184

HOA

0%

$0

Property Management

15%

$391

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$652

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