640 Bocage Ct NCovingtonLA70433
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 640 Bocage Ct N, Covington, LA, 70433 offers a 4.16% rental yield on a $1,020,000 purchase with $3,535/mo rent. 8% in year one. Equity gained on principal adds $6,582/yr while 5% annual appreciation supports $281,807 over five years. Portfolio math shows five-year ROI at 48.7% and total cumulative return in cash at $160,951. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,535/mo property income against a $4,992/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
0.30 Acres lot
$N/A/sqft
$385 quarterly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol Upton-Sieverding • LATTER & BLUM (LATT15)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2497857
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.