1008 N Cherry StHammondLA70401
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
Rental property for sale in Hammond at 1008 N Cherry St, Hammond, LA, 70401 offers $965/mo rent that, after a $612/mo payment, leaves $191/mo cash flow. Total monthly income is $965/mo, and annual cash flow is $2,286/yr on $41,438 cash. Return on cash invested measures 25.43% in year one, and rental yield stands at 9.26% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 132.5% and total cumulative return in cash reaches $54,905. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $965/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70401, Hammond, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,489 (100%) |
| Owner Occupied HU | 4,568 (43.6%) |
| Renter Occupied HU | 4,475 (42.7%) |
| Vacant Housing Units | 1,446 (13.8%) |
| Median Home Value | $253,902 |
| Average Home Value | $283,549 |
Housing Distribution
Address Breakdown
Residential
9,636
Single Family
9,246
Multi-Family
390
Businesses
929
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Listed by: Kristy Dekaris • Rutter Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2468661
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