133 Crapemyrtle RdCovingtonLA70433
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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
Rental property for sale in Covington at 133 Crapemyrtle Rd, Covington, LA, 70433 offers $2,760/mo rent that, after a $3,108/mo payment. Total monthly income is $2,760/mo. Return on cash invested measures 13.19% in year one, and rental yield stands at 5.22% at a $634,900 entry. Equity gained on principal adds $4,097/yr while 5% annual appreciation compounds into $175,411 by year five. Five-year ROI records 66.85% and total cumulative return in cash reaches $139,645. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,760/mo property income versus a $3,108/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.44 Acres lot
$N/A/sqft
$260 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: #2507386
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.