17030 Pine Acres RdCovingtonLA70435
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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 17030 Pine Acres Rd, Covington, LA, 70435 uses $62,985 cash to close to unlock $4,116/yr annual cash flow and $343/mo monthly cash flow. Total monthly income runs $1,520/mo, and a $930/mo payment keeps the spread at $343/mo. Purchase price stands at $190,000, and rental yield measures 9.6% with $1,520/mo rent. Return on cash invested shows 26.44% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 137.86% and total cumulative return in cash records $86,832. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,520/mo property income covering a $930/mo payment rather than investor’s personal income.
Manufactured
Built in 2013
1.78 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: Candy Modeen • McEnery Residential, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2492191
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.