Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$598,000

For Sale - Active
163 Tchefuncte Dr, Covington, LA 70433
5 Beds
5 Baths
3,486 Square Feet
0.00 Acres Lot
Built in 1970
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 22, 2025 at 08:45AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$628
Cap Rate
4.4%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.3%

Property Description


0.00 Acres Lot
Built in 1970
For Sale - Active
Units n/a

Priced below appraisal!! NEW 5 TON AC INSTALLED 7/2025!! 5BR/4.5BA home, beautifully renovated including two new water heaters, new upgraded plumbing fixtures, new led lighting (a big electric savings), whole home surge protection, 6 year old roof, TWO living areas, first floor primary suite & bath w/two private water closets, separate vanities, large shower & deep standing tub.. & did I mention that pantry/wet/coffee bar?! Open floor plan offers wonderful connection w/family & visitors. Large bedrooms provide great personal space for all. Large circle driveway was redone & surfaced during 2022 renovation. Fully fenced tree-filled yard on almost an acre, w/plenty of room for a pool or any number of outdoor activities. High demand school district (Pontchartrain Elementary, Tchefuncte Middle, Mandeville Jr High and Mandeville High) bus stops at driveway. Excellent access to Causeway, I-12, & area amenities makes getting around easy. Permanent App-controlled Holiday Lighting by Everlights make decorating for holidays & special or sporting events easy and so much fun! Something for everyone to enjoy!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Garage
  • Details: Garage, Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof Material: Asphalt, Shingle

HOA

  • Has HOA: Yes
  • Association: optional
  • HOA Fee: $75/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 35496
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1970

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: St. Tammany Parish

Listing Details


Listed by:
Shannon Althouse
Berkshire Hathaway HomeServices Preferred, REALTOR
(985) 966-1012

Source:
Gulf South Real Estate Information Network
MLS#: 2510034
Gulf South Real Estate Information Network

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$628
Cap Rate
4.4%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.3%

Purchase Details

Find an Agent

Purchase price:
$598,000
Amount financed:
-$478,400
Down payment:
$119,600
Closing costs:
$17,940
Rehab costs:
$0
Initial cash invested:
$137,540
Square feet:
3,486
Cost per square foot:
$172
Monthly rent per square foot:
$0.92

Financing Details

Find a Lender

Loan amount:
$478,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,830
Property tax:
$0
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,054

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (0%)
0%-$6-$72
Total operating expenses: (25%)
25%-$806-$9,672

Cash Flow


Monthly Yearly
Net operating income:
$2,202 $26,424
Mortgage payments:
-$2,830 -$33,960
Cash flow:
$628 $7,536