Camellia V B Plan, Oak Alley MeadowsCovingtonLA70435
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 Camellia V B Plan, Oak Alley Meadows, Covington, LA, 70435 offers a 11.19% rental yield on a $328,990 purchase with $3,068/mo rent. Total monthly income registers $3,068/mo, and a $1,610/mo payment leaves $1,030/mo available for distribution. Annual cash flow reaches $12,364/yr on $109,060 to close, and return on cash invested stands at 31.25% in year one. Equity gained on principal adds $2,123/yr while 5% annual appreciation supports $90,894 over five years. Portfolio math shows five-year ROI at 163.68% and total cumulative return in cash at $178,506. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,068/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
