2127 Gabriel DrCovingtonLA70435
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
Rental property for sale in Covington at 2127 Gabriel Dr, Covington, LA, 70435 priced at $386,895 converts $2,700/mo rent into $262/mo cash flow after a $1,894/mo obligation. Total monthly income equals $2,700/mo, and annual cash flow totals $3,147/yr on $128,256 invested. Return on cash invested prints 22.36% in year one, and rental yield reads 8.37% against a $386,895 entry. Equity gained on principal adds $2,497/yr, while 5% annual appreciation compiles into $106,892 by year five. Five-year ROI reaches 116.17% and total cumulative return in cash sums $148,997. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,700/mo property income covering a $1,894/mo payment, not borrower’s personal income.
Single Family
Built in 2024
8,276 sqft lot
$N/A/sqft
$490 annually 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: Saun Sullivan • Cicero Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #NO2024019168
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)