4056 Jonathon LnCovingtonLA70433
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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 4056 Jonathon Ln, Covington, LA, 70433 offers a 10% rental yield on a $258,500 purchase with $2,154/mo rent. Total monthly income registers $2,154/mo, and a $1,265/mo payment leaves $433/mo available for distribution. Annual cash flow reaches $5,195/yr on $85,693 to close, and return on cash invested stands at 25.97% in year one. Equity gained on principal adds $1,668/yr while 5% annual appreciation supports $71,419 over five years. Portfolio math shows five-year ROI at 135.95% and total cumulative return in cash at $116,499. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,154/mo property income against a $1,265/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2005
1,981 sqft lot
$N/A/sqft
$120 monthly 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: Janet Bray • United Real Estate Partners LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2508567
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.