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$2,899 (target)

929 W 17th Ave, Covington, LA 70433

3 beds • 3 baths • 2296 sqft

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This property looks like a bad Long-Term investment with a projected -11.79% first-year return on $110k initial cash invested.

-11.79%

Cash On Cash

4.05%

Cap Rate

0.65

DSCR

$2,899

Rent

-$1,083

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,899 income − $3,982 expenses = $1,083 out of pocket

Income$2,899Out of Pocket$1,083Mortgage P&I$2,70893%Property Taxes$33111%Insurance$1897%Management$29010%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

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Purchase Price

$525k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$105k

Closing costs

1%

$5,247

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,899

Total Expenses

$3,982

Mortgage P&I

93%

$2,708

Property Taxes

11%

$331

Home Insurance

7%

$189

HOA

0%

$0

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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