16 Hickory DrCovingtonLA70433
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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 16 Hickory Dr, Covington, LA, 70433 at $220,000 posts ROI 31.44% with $701/mo cash flow from $2,064/mo rent. Total monthly income equals $2,064/mo, and annual cash flow records $8,412/yr on $72,930 to close. Return on cash invested measures 31.44% and rental yield reads 11.26% at the current $220,000. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 by year five. Five-year ROI prints 164.67% and total cumulative return in cash totals $120,095.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,064/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1985
7,405 sqft lot
$N/A/sqft
No 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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