103 South DrCovingtonLA70433
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Covington at 103 South Dr, Covington, LA, 70433 uses $116,025 cash to close to unlock $6,600/yr annual cash flow and $550/mo monthly cash flow. Total monthly income runs $2,718/mo, and a $1,713/mo payment keeps the spread at $550/mo. Purchase price stands at $350,000, and rental yield measures 9.32% with $2,718/mo rent. Return on cash invested shows 25.6% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 133.34% and total cumulative return in cash records $154,706. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,718/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70433, Covington, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,359 (100%) |
| Owner Occupied HU | 12,755 (65.9%) |
| Renter Occupied HU | 5,168 (26.7%) |
| Vacant Housing Units | 1,436 ( 7.4%) |
| Median Home Value | $362,329 |
| Average Home Value | $432,167 |
Housing Distribution
Address Breakdown
Residential
19,248
Single Family
16,319
Multi-Family
2,929
Businesses
2,215
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