13609 190th HwyCovingtonLA70435
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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 13609 190th Hwy, Covington, LA, 70435 offers a 9.63% rental yield on a $174,900 purchase with $1,404/mo rent. Total monthly income registers $1,404/mo, and a $856/mo payment leaves $321/mo available for distribution. Annual cash flow reaches $3,848/yr on $57,979 to close, and return on cash invested stands at 26.55% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 138.46% and total cumulative return in cash at $80,280. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,404/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
1.93 Acres lot
$N/A/sqft
No 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: Sam DiVittorio • Realty Executives Florida Parishes
Mls Name: GSREIN
Mls Provider:
Mls ID: #2479943
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