295 Saw Grass LoopCovingtonLA70435
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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
Rental property for sale in Covington at 295 Saw Grass Loop, Covington, LA, 70435 priced at $422,000 pairs $2,700/mo rent with $3/mo cash flow after a $2,065/mo payment. Total monthly income equals $2,700/mo, and annual cash flow comes to $37/yr on $139,893 invested. Return on cash invested is 19.94% in year one, and rental yield stands at 7.68% on a $422,000 basis. Equity gained on principal adds $2,723/yr, and 5% annual appreciation accumulates to $116,591 by year five. Five-year ROI measures 103.28% and total cumulative return in cash reaches $144,479. For financing, Ziffy Mortgage’s DSCR program evaluates $2,700/mo property income against a $2,065/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
0.34 Acres lot
$N/A/sqft
$500 semi-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
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Listed by: Carol Miramon • United Real Estate Partners
Mls Name: GSREIN
Mls Provider:
Mls ID: #2468992
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)