19 Hollycrest Blvd UNIT 19CovingtonLA70433
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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 19 Hollycrest Blvd UNIT 19, Covington, LA, 70433 earns $55/mo cash flow from $1,226/mo rent with a $688/mo payment. Total monthly income totals $1,226/mo, and annual cash flow totals $664/yr on $46,576 capital. ROI tracks 21.34% on current figures, and rental yield reads 10.47% at a $140,500 purchase. Equity gained on principal adds $907/yr, and 5% annual appreciation supports $38,818 over five years. Five-year ROI reaches 113.36% and total cumulative return in cash sums $52,799. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,226/mo property income instead of your personal income.
Condo
Built in 1987
1,141 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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Listed by: Kim Osborn • Keller Williams Realty Services
Mls Name: GSREIN
Mls Provider:
Mls ID: #2452179
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