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Three Rivers Rd
Covington, LA 70433
Asking Price
$299K
Asset Type
Residential Land
Class
Class B
What's Special
Land | 2.322 acres <ul><li><span style="color: rgba(3, 7, 18, 1)">±2.3 acres on the Tchefuncte River</span></li><li><span style="color: rgba(3, 7, 18, 1)">Located on Three Rivers Road with strong visibility</span></li><li><span style="color: rgba(3, 7, 18, 1)">Adjacent to public boat launch (high recreational traffic driver)</span></li><li><span style="color: rgba(3, 7, 18, 1)">Direct access to boating, fishing, and water activities</span></li><li><span style="color: rgba(3, 7, 18, 1)">Zoned S-1 with potentia
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NOI
$80,000
Cap Rate
26.76%
DSCR
4.51
Strong
Cash-on-Cash
69.40%
Monthly Payment
$1,479.289
Annual Cash Flow
$62,248.534
