10061 Highway 16, Amite, LA, 70422 | 3.22% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $938/mo, and a $1,713/mo payment. Purchase price stands at $350,000, and rental yield measures 3.22% with $938/mo rent. Return on cash invested shows 7.19% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 34.62% and total cumulative return in cash records $40,166. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $938/mo property income covering a $1,713/mo payment rather than investor’s personal income.

Single Family

Built in 2013

1.15 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70422, Amite, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,882 (100%)
Owner Occupied HU	3,812 (64.8%)
Renter Occupied HU	1,264 (21.5%)
Vacant Housing Units	806 (13.7%)
Median Home Value	$193,750
Average Home Value	$232,914