19532 S Fitzmorris 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 19532 S Fitzmorris Rd, Covington, LA, 70435 uses $92,654 cash to close to unlock $6,248/yr annual cash flow and $521/mo monthly cash flow. Total monthly income runs $2,252/mo, and a $1,368/mo payment keeps the spread at $521/mo. Purchase price stands at $279,500, and rental yield measures 9.67% with $2,252/mo rent. Return on cash invested shows 26.65% in year one, and 5% annual appreciation builds toward $77,221 over five years. Five-year ROI reaches 139.02% and total cumulative return in cash records $128,804. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,252/mo property income covering a $1,368/mo payment rather than investor’s personal income.
Single Family
Built in 1997
1.08 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: Michelle Pennino • REMAX ALLIANCE
Mls Name: GSREIN
Mls Provider:
Mls ID: #2507163
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.