457 Steeple Chase RdCovingtonLA70435
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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 457 Steeple Chase Rd, Covington, LA, 70435 earns $6/mo cash flow from $2,700/mo rent with a $2,129/mo payment. Total monthly income totals $2,700/mo, and annual cash flow totals $68/yr on $144,169 capital. ROI tracks 19.96% on current figures, and rental yield reads 7.45% at a $434,900 purchase. Equity gained on principal adds $2,806/yr, and 5% annual appreciation supports $120,155 over five years. Five-year ROI reaches 103.11% and total cumulative return in cash sums $148,649. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,700/mo property income instead of your personal income.
Single Family
Built in 2007
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70435, Covington, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,191 (100%) |
| Owner Occupied HU | 7,325 (79.7%) |
| Renter Occupied HU | 1,215 (13.2%) |
| Vacant Housing Units | 651 ( 7.1%) |
| Median Home Value | $329,233 |
| Average Home Value | $370,132 |
Housing Distribution
Address Breakdown
Residential
9,041
Single Family
9,041
Multi-Family
0
Businesses
248
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