855 Woodsprings CtCovingtonLA70433
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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 855 Woodsprings Ct, Covington, LA, 70433 uses $107,738 cash to close to unlock $4,600/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $2,428/mo, and a $1,591/mo payment keeps the spread at $383/mo. Purchase price stands at $325,000, and rental yield measures 8.96% with $2,428/mo rent. Return on cash invested shows 24.18% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 125.9% and total cumulative return in cash records $135,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,428/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 2012
N/A lot
$N/A/sqft
$187 semi-annually 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: Kerrie Seiler • LATTER & BLUM (LATT27)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2503997
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.