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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Covington at 350 Emerald Forest Blvd APT 6104, Covington, LA, 70433 earns $177/mo cash flow from $809/mo rent with a $499/mo payment. Total monthly income totals $809/mo, and annual cash flow totals $2,129/yr on $33,813 capital. ROI tracks 26.2% on current figures, and rental yield reads 9.52% at a $102,000 purchase. Equity gained on principal adds $658/yr, and 5% annual appreciation supports $28,181 over five years. Five-year ROI reaches 136.69% and total cumulative return in cash sums $46,220. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $809/mo property income instead of your personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 70433, Covington, LA area.
| 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 |
Residential
19,248
Single Family
16,319
Multi-Family
2,929
Businesses
2,215
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ricky Brazzel • Coldwell Banker ONE
Mls Name: ROAM MLS
Mls ID: #2025022334
