405 N Ozone Park RdCovingtonLA70433
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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 405 N Ozone Park Rd, Covington, LA, 70433 offers $991/mo rent that, after a $646/mo payment, leaves $173/mo cash flow. Total monthly income is $991/mo, and annual cash flow is $2,081/yr on $43,758 cash. Return on cash invested measures 24.66% in year one, and rental yield stands at 9.01% at a $132,000 entry. Equity gained on principal adds $852/yr while 5% annual appreciation compounds into $36,469 by year five. Five-year ROI records 128.44% and total cumulative return in cash reaches $56,203. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $991/mo property income versus a $646/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
8,402 sqft 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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