519 Chinquapin CirCovingtonLA70433
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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 519 Chinquapin Cir, Covington, LA, 70433 listed at $1,379,000 pairs $6,361/mo rent with a $6,750/mo payment. Total monthly income runs $6,361/mo. Return on cash invested measures 14.24% in year one, and rental yield registers 5.54% at a $1,379,000 basis. Equity gained on principal adds $8,898/yr, and annual property appreciation at 5% supports $380,992 by year five. Five-year ROI tracks 72.46% and total cumulative return in cash totals $323,762. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,361/mo property income relative to a $6,750/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
1.10 Acres lot
$N/A/sqft
$1,200 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: Neal Terrebonne • United Real Estate Partners
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499730
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.