524 Jessica WayCovingtonLA70435
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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 524 Jessica Way, Covington, LA, 70435 generates $2,185/mo in rent and, after a $1,419/mo payment, leaves $341/mo in cash flow. Total monthly income is $2,185/mo, and annual cash flow is $4,088/yr on $96,135 invested. Return on cash invested sits at 24.16% in year one, and rental yield is 9.04% on a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 125.88% and total cumulative return in cash sums $121,012. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,185/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
N/A lot
$N/A/sqft
$580 annually 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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Listed by: Misty Lopez • KPG Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2493720
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.