1006 S Chestnut StHammondLA70403
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hammond at 1006 S Chestnut St, Hammond, LA, 70403 at $138,500 posts ROI 26.52% with $253/mo cash flow from $1,111/mo rent. Total monthly income equals $1,111/mo, and annual cash flow records $3,035/yr on $45,913 to close. Return on cash invested measures 26.52% and rental yield reads 9.63% at the current $138,500. Equity gained on principal adds $894/yr, and 5% annual appreciation supports $38,265 by year five. Five-year ROI prints 138.3% and total cumulative return in cash totals $63,499.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,111/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70403, Hammond, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,272 (100%) |
| Owner Occupied HU | 7,937 (55.6%) |
| Renter Occupied HU | 4,834 (33.9%) |
| Vacant Housing Units | 1,501 (10.5%) |
| Median Home Value | $238,630 |
| Average Home Value | $244,778 |
Housing Distribution
Address Breakdown
Residential
13,598
Single Family
12,795
Multi-Family
803
Businesses
1,099
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Listed by: Thomas Anthony • Monument Real Estate, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2471216
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