Reims V H Plan, River Park EstatesCovingtonLA70435
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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 Reims V H Plan, River Park Estates, Covington, LA, 70435 priced at $280,990 converts $1,983/mo rent into $243/mo cash flow after a $1,375/mo obligation. Total monthly income equals $1,983/mo, and annual cash flow totals $2,913/yr on $93,148 invested. Return on cash invested prints 23.04% in year one, and rental yield reads 8.47% against a $280,990 entry. Equity gained on principal adds $1,813/yr, while 5% annual appreciation compiles into $77,632 by year five. Five-year ROI reaches 119.62% and total cumulative return in cash sums $111,427. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,983/mo property income covering a $1,375/mo payment, not borrower’s personal income.
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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