1203 Barrington DrCovingtonLA70435
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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 1203 Barrington Dr, Covington, LA, 70435 listed at $388,560 pairs $2,700/mo rent with a $1,902/mo payment to leave $252/mo cash flow. Total monthly income runs $2,700/mo, and annual cash flow reaches $3,024/yr on $128,808 cash to close. Return on cash invested measures 22.26% in year one, and rental yield registers 8.34% at a $388,560 basis. Equity gained on principal adds $2,507/yr, and annual property appreciation at 5% supports $107,352 by year five. Five-year ROI tracks 115.61% and total cumulative return in cash totals $148,920. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,700/mo property income relative to a $1,902/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
7,840 sqft lot
$N/A/sqft
$490 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70435, Covington, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,191 (100%) |
| Owner Occupied HU | 7,325 (79.7%) |
| Renter Occupied HU | 1,215 (13.2%) |
| Vacant Housing Units | 651 ( 7.1%) |
| Median Home Value | $329,233 |
| Average Home Value | $370,132 |
Housing Distribution
Address Breakdown
Residential
9,041
Single Family
9,041
Multi-Family
0
Businesses
248
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Listed by: Saun Sullivan • Cicero Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #NO2025000576
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