1000 Highway 879Oak GroveLA71263
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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
Investment property for sale in Oak Grove at 1000 Highway 879, Oak Grove, LA, 71263 offers a 6.91% rental yield on a $245,000 purchase with $1,411/mo rent. 34% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 94.41% and total cumulative return in cash at $76,680. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,411/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
2.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71263, Oak Grove, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 2,393 (67.2%) |
| Renter Occupied HU | 703 (19.8%) |
| Vacant Housing Units | 463 (13.0%) |
| Median Home Value | $115,544 |
| Average Home Value | $142,947 |
Housing Distribution
Address Breakdown
Residential
2,896
Single Family
2,896
Multi-Family
0
Businesses
286
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