75252 Tom Meyers Rd, Covington, LA, 70435 | $228/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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75603 Highway 1077, Covington, LA, 70435

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

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Investment Highlights

Investment property for sale in Covington at 75252 Tom Meyers Rd, Covington, LA, 70435 earns $228/mo cash flow from $2,303/mo rent with a $1,640/mo payment. Total monthly income totals $2,303/mo, and annual cash flow totals $2,730/yr on $111,053 capital. ROI tracks 22.37% on current figures, and rental yield reads 8.25% at a $335,000 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 116.05% and total cumulative return in cash sums $128,876. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,303/mo property income instead of your personal income.

Single Family

Built in 1970

6.82 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