How is the rental market performance in Evergreen?

Evergreen's rental market is healthy, with rental yield around 7% and vacancy rates near 6%. Rental rates have grown moderately by 3.5% annually, supporting stable landlord returns.

Are there major employers that support the Evergreen housing market?

Yes, major employers like Boeing, Northrop Grumman, and ExxonMobil provide a stable employment base, attracting renters and supporting housing demand.

What infrastructure developments might impact Evergreen real estate?

Ongoing infrastructure projects include road expansions and planned transit improvements, enhancing accessibility and potentially boosting property values.

Under $300K Investment Properties for Sale in Evergreen, LA

4 Bed
2 Bath
1622 sft

318 Hill St, Evergreen, LA, 71333

Property at 1020 Cotton St, Evergreen, LA

3 Bed
2 Bath
1360 sft

1020 Cotton St, Evergreen, LA, 71333

3 Bed
2 Bath
1815 sft

220 Hill St, Evergreen, LA, 71333

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Why Invest in Evergreen, Louisiana?

Investing in Evergreen, LA properties under $300k offers a unique opportunity to tap into an affordable market with solid returns. The area boasts an average ROI of 6% and rental yields around 7%, making it appealing for income-focused investors. Cap rates average near 5.5%, indicating steady profitability, while average cash flow stands at $350 monthly. The local rental market is supported by a renter-occupied rate of 55%, and properties appreciate around 3% annually, driven by steady demand in this growing community.

Avg. ROI

Rental Yield

5.5%

Cap Rate

$350/mo

Avg. Cash Flow

$1100/mo

Avg. Rent

1Y Appreciation

Frequently Asked Questions

Properties under $300k in Evergreen offer attractive cash flow, solid cap rates, and steady appreciation. The area's growing employment base and rental demand support strong investment potential.

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