204 W 15th Ave, Covington, LA, 70433 | 2.78% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,388/mo, and a $5,041/mo payment. Purchase price stands at $1,030,000, and rental yield measures 2.78% with $2,388/mo rent. Return on cash invested shows 6.02% in year one, and 5% annual appreciation builds toward $284,570 over five years. Five-year ROI reaches 28.24% and total cumulative return in cash records $94,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,388/mo property income covering a $5,041/mo payment rather than investor’s personal income.

Single Family

Built in 1898

0.29 Acres 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