10071 Highway 16, Amite, LA, 70422 | $64/mo Cash Flow

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

Investment property for sale in Amite at 10071 Highway 16, Amite, LA, 70422 offers a 7.74% rental yield on a $250,000 purchase with $1,613/mo rent. Total monthly income registers $1,613/mo, and a $1,224/mo payment leaves $64/mo available for distribution. Annual cash flow reaches $768/yr on $82,875 to close, and return on cash invested stands at 20.84% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 107.8% and total cumulative return in cash at $89,338. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,613/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2023

1.16 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