606 E Magee StCovingtonLA70433
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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 606 E Magee St, Covington, LA, 70433 with 5% annual appreciation on a $159,500 basis while $1,210/mo rent supports operations. Total monthly income totals $1,210/mo and a $781/mo payment preserves $222/mo for cash returns. Annual cash flow comes to $2,660/yr on $52,874 deployed, and return on cash invested reaches 24.94% in year one. Equity gained on principal adds $1,029/yr, and five-year appreciation sums $44,067 alongside rental yield of 9.1%. Five-year ROI measures 129.86% and total cumulative return in cash totals $68,665.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,210/mo property income versus a $781/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1987
7,405 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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Listed by: Jared English • Congress Realty, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2482109
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