73246 Military RdCovingtonLA70435
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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
Rental property for sale in Covington at 73246 Military Rd, Covington, LA, 70435 generates $2,700/mo in rent, after a $4,033/mo payment. Total monthly income is $2,700/mo. Return on cash invested sits at 9.42% in year one, and rental yield is 3.93% on a $824,000 entry. Equity gained on principal adds $5,317/yr, while 5% annual appreciation builds toward $227,656 over five years. Five-year ROI reaches 46.56% and total cumulative return in cash sums $126,211. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,700/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
2.88 Acres lot
$N/A/sqft
No 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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Listed by: Puddy Robinson • Crescent Sotheby's International Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2425402
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