24531 Sanders 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 24531 Sanders Rd, Covington, LA, 70435 uses $64,609 cash to close to unlock $3,680/yr annual cash flow and $307/mo monthly cash flow. Total monthly income runs $1,514/mo, and a $954/mo payment keeps the spread at $307/mo. Purchase price stands at $194,900, and rental yield measures 9.32% with $1,514/mo rent. Return on cash invested shows 25.6% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 133.42% and total cumulative return in cash records $86,199. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,514/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1965
2.03 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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