Longridge V G Plan, River Park EstatesCovingtonLA70435
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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 Longridge V G Plan, River Park Estates, Covington, LA, 70435 offers a 8.1% rental yield on a $262,990 purchase with $1,775/mo rent. Total monthly income registers $1,775/mo, and a $1,287/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,753/yr on $87,181 to close, and return on cash invested stands at 21.92% in year one. Equity gained on principal adds $1,697/yr while 5% annual appreciation supports $72,659 over five years. Portfolio math shows five-year ROI at 113.68% and total cumulative return in cash at $99,104. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,775/mo property income against a $1,287/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
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