355 Memphis TrceCovingtonLA70433
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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 355 Memphis Trce, Covington, LA, 70433 priced at $1,355,000 pairs $2,760/mo rent with after a $6,632/mo payment. Total monthly income equals $2,760/mo. Return on cash invested is 4.97% in year one, and rental yield stands at 2.44% on a $1,355,000 basis. Equity gained on principal adds $8,744/yr, and 5% annual appreciation accumulates to $374,362 by year five. Five-year ROI measures 22.65% and total cumulative return in cash reaches $99,447. For financing, Ziffy Mortgage’s DSCR program evaluates $2,760/mo property income against a $6,632/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
0.46 Acres 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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