74305 Theta AveCovingtonLA70435
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 74305 Theta Ave, Covington, LA, 70435 uses $80,886 cash to close to unlock $2,170/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $1,692/mo, and a $1,194/mo payment keeps the spread at $181/mo. Purchase price stands at $244,000, and rental yield measures 8.32% with $1,692/mo rent. Return on cash invested shows 22.59% in year one, and 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 117.24% and total cumulative return in cash records $94,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,692/mo property income covering a $1,194/mo payment rather than investor’s personal income.
Single Family
Built in 2013
7,200 sqft 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: Erica Spano-Julian • Engel & Volkers Slidell - Mandeville
Mls Name: GSREIN
Mls Provider:
Mls ID: #2470229
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