329 Memphis TrcCovingtonLA70433
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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 329 Memphis Trc, Covington, LA, 70433 priced at $869,000 converts $2,388/mo rent into after a $4,253/mo obligation. Total monthly income equals $2,388/mo. Return on cash invested prints 7.07% in year one, and rental yield reads 3.3% against a $869,000 entry. Equity gained on principal adds $5,608/yr, while 5% annual appreciation compiles into $240,089 by year five. Five-year ROI reaches 34.13% and total cumulative return in cash sums $97,583. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,388/mo property income covering a $4,253/mo payment, not borrower’s personal income.
Single Family
Built in 2011
0.37 Acres lot
$N/A/sqft
$1,200 annually 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 |
Housing Distribution
Address Breakdown
Residential
19,248
Single Family
16,319
Multi-Family
2,929
Businesses
2,215
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Listed by: Rose Blacklock • Realty One Group Immobilia
Mls Name: GSREIN
Mls Provider:
Mls ID: #2481714
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