128 Meadow Spring PlCovingtonLA70435
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 128 Meadow Spring Pl, Covington, LA, 70435 at $275,000 posts ROI 29.5% with $728/mo cash flow from $2,464/mo rent. Total monthly income equals $2,464/mo, and annual cash flow records $8,741/yr on $91,163 to close. Return on cash invested measures 29.5% and rental yield reads 10.75% at the current $275,000. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 by year five. Five-year ROI prints 154.43% and total cumulative return in cash totals $140,783.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,464/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2012
N/A lot
$N/A/sqft
$385 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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Nearby investment properties with comparable prices
Listed by: Trisha Garrett • CBTEC BEAU CHENE
Mls Name: GSREIN
Mls Provider:
Mls ID: #2469321
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. [Click here for more information](/info/mls-disclaimers/#mls_250)