70461 Lake Placid DrCovingtonLA70433
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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 70461 Lake Placid Dr, Covington, LA, 70433 earns $192/mo cash flow from $1,611/mo rent with a $1,121/mo payment. Total monthly income totals $1,611/mo, and annual cash flow totals $2,308/yr on $75,914 capital. ROI tracks 22.95% on current figures, and rental yield reads 8.44% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 119.19% and total cumulative return in cash sums $90,485. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,611/mo property income instead of your personal income.
Single Family
Built in 2004
0.34 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: Rachel Ringen • Crescent Sotheby's International Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2497917
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.