705 Bridle CtCovingtonLA70435
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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 705 Bridle Ct, Covington, LA, 70435 offers a 12.86% rental yield on a $351,700 purchase with $3,768/mo rent. Total monthly income registers $3,768/mo, and a $1,721/mo payment leaves $1,526/mo available for distribution. Annual cash flow reaches $18,313/yr on $116,589 to close, and return on cash invested stands at 35.62% in year one. Equity gained on principal adds $2,269/yr while 5% annual appreciation supports $97,168 over five years. Portfolio math shows five-year ROI at 187.35% and total cumulative return in cash at $218,432. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,768/mo property income against a $1,721/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
N/A lot
$N/A/sqft
$35 monthly 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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