116 Turnberry 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 116 Turnberry Dr, Covington, LA, 70433 at $469,500 posts ROI 17.99% with from $2,760/mo rent. Total monthly income equals $2,760/mo. Return on cash invested measures 17.99% and rental yield reads 7.05% at the current $469,500. Equity gained on principal adds $3,030/yr, and 5% annual appreciation supports $129,714 by year five. Five-year ROI prints 92.87% and total cumulative return in cash totals $144,536. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,760/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1992
0.35 Acres lot
$N/A/sqft
$600 semi-annually 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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Listed by: Melinda Dahmer • LATTER & BLUM (LATT27)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2484351
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