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

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$358,000

For Sale - Active
20213 Narrow Rd, Covington, LA 70435
3 Beds
3 Baths
2,773 Square Feet
0.00 Acres Lot
Built in 1976
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: Aug 30, 2025 at 06:30PM

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
-$314
Cap Rate
4.6%
Cash-on-Cash Return
-4.6%
Debt Coverage Ratio
0.81
Internal Rate of Return (5 years)
-0.4%

Property Description


0.00 Acres Lot
Built in 1976
For Sale - Active
Units n/a

Country Charm Meets Everyday Convenience... Lee Road School District | 2.6 Acres | Flood Zone X! First time on the market, this 3-bedroom, 2.5-bath home sits on 2.6 high-and-dry acres in the the sought-after Lee Road School District. A true 1970s time capsule—solid as they come and ready to Move right in OR Update to your liking & watch your investment grow. If you’ve been dreaming of peaceful acreage with room to spread out—while staying just a short drive to shopping, dining, entertainment and the charm of Historic Downtown Covington —this is it. Step inside to find two expansive living areas and a supersized game room, ideal for transforming into a Mother-in-Law suite. The open Kitchen features Granite countertops, Dishwasher, Built-in Microwave and Bar seating flowing seamlessly into the Breakfast area and Den where a stone wood-burning Fireplace with insert and blower warms the entire home. French doors open to a covered concrete Patio—ideal for Morning Coffee, watching Wildlife, and enjoying the Fruit trees & Beautiful Live Oaks. The Primary suite offers a Walk-in closet, linen storage, ceiling fan and private bath. Bedrooms 2 and 3 are generously sized with walk-in closets and ceiling fans, plus 3 additional walk-in storage closets offer so much versatility—large enough to transform into a home office, craft room, tiny quiet bedroom or whatever you can imagine. Need a Workshop? The massive metal Welding Shop includes a Concrete floor, Electricity, cross-beam Pulley/Hoist system, and a Drop Shed—providing the perfect space to line up your next projects or store your Mower, ATVs, boats or other recreational gear PLUS there’s a large Garage and several Carports (Need TLC). Whether you love it as-is or want to modernize, this home is ready for you—Schedule your private viewing today!

Build Your Team


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

Avatar
Avatar
Avatar

Agents

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

Find an Agent
Avatar
Avatar
Avatar

Lenders

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

Find a Lender
Avatar
Avatar
Avatar

Property Managers

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

Find a Property Manager
Avatar
Avatar
Avatar

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: Carport, Detached, Garage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Rural/Agricultural

Lot Information

  • Parcel ID: 118159
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1976

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: St. Tammany Parish

Listing Details


Listed by:
Michelle Pennino
REMAX ALLIANCE
(985) 502-1787

Source:
Gulf South Real Estate Information Network
MLS#: 2516048
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
-$314
Cap Rate
4.6%
Cash-on-Cash Return
-4.6%
Debt Coverage Ratio
0.81
Internal Rate of Return (5 years)
-0.4%

Purchase Details

Find an Agent

Purchase price:
$358,000
Amount financed:
-$286,400
Down payment:
$71,600
Closing costs:
$10,740
Rehab costs:
$0
Initial cash invested:
$82,340
Square feet:
2,773
Cost per square foot:
$129
Monthly rent per square foot:
$0.72

Financing Details

Find a Lender

Loan amount:
$286,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,694
Property tax:
$0
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,834

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$500-$6,000

Cash Flow


Monthly Yearly
Net operating income:
$1,380 $16,560
Mortgage payments:
-$1,694 -$20,328
Cash flow:
$314 $3,768