350 Emerald Forest Blvd APT 6104CovingtonLA70433
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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 6104, Covington, LA, 70433 earns $404/mo cash flow from $1,326/mo rent with a $693/mo payment. Total monthly income totals $1,326/mo, and annual cash flow totals $4,854/yr on $46,907 capital. ROI tracks 30.26% on current figures, and rental yield reads 11.25% at a $141,500 purchase. Equity gained on principal adds $913/yr, and 5% annual appreciation supports $39,094 over five years. Five-year ROI reaches 158.79% and total cumulative return in cash sums $74,485. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,326/mo property income instead of your personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$535 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: Meshaun Arcenaux • Patterson Properties LLC
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025006918
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. Copyright 2025 ROAM MLS.