69409 Fair Oaks LnCovingtonLA70433
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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 69409 Fair Oaks Ln, Covington, LA, 70433 offers a 8.13% rental yield on a $875,000 purchase with $5,930/mo rent. Total monthly income registers $5,930/mo, and a $4,283/mo payment leaves $510/mo available for distribution. Annual cash flow reaches $6,114/yr on $287,875 to close, and return on cash invested stands at 22.18% in year one. Equity gained on principal adds $5,646/yr while 5% annual appreciation supports $241,746 over five years. Portfolio math shows five-year ROI at 115.02% and total cumulative return in cash at $331,115. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,930/mo property income against a $4,283/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
2.39 Acres 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: Rebecca Davis • RE/MAX Select
Mls Name: GSREIN
Mls Provider:
Mls ID: #2468072
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