Hickory III B Plan, Lake RamseyCovingtonLA70435
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
Rental property for sale in Covington at Hickory III B Plan, Lake Ramsey, Covington, LA, 70435 priced at $384,990 pairs $2,700/mo rent with $316/mo cash flow after a $1,884/mo payment. Total monthly income equals $2,700/mo, and annual cash flow comes to $3,786/yr on $127,624 invested. Return on cash invested is 22.88% in year one, and rental yield stands at 8.42% on a $384,990 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,366 by year five. Five-year ROI measures 118.77% and total cumulative return in cash reaches $151,579. For financing, Ziffy Mortgage’s DSCR program evaluates $2,700/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
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
