350 Emerald Forest Blvd APT 22107CovingtonLA70433
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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 350 Emerald Forest Blvd APT 22107, Covington, LA, 70433 uses $51,349 cash to close to unlock $968/yr annual cash flow and $81/mo monthly cash flow. Total monthly income runs $1,525/mo, and a $758/mo payment keeps the spread at $81/mo. Purchase price stands at $154,900, and rental yield measures 11.81% with $1,525/mo rent. Return on cash invested shows 21.79% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 117.1% and total cumulative return in cash records $60,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,525/mo property income covering a $758/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A 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 |
Housing Distribution
Address Breakdown
Residential
19,248
Single Family
16,319
Multi-Family
2,929
Businesses
2,215
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Listed by: Lisa Greenleaf • LATTER & BLUM (LATT27)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2517336
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.