17765 Highway 40CovingtonLA70435
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 17765 Highway 40, Covington, LA, 70435 uses $79,229 cash to close to unlock $2,500/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $1,689/mo, and a $1,170/mo payment keeps the spread at $208/mo. Purchase price stands at $239,000, and rental yield measures 8.48% with $1,689/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 119.81% and total cumulative return in cash records $94,920. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,689/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.98 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Polly Eagan • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls Provider:
Mls ID: #2476123
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)