110 Wells DrHammondLA70403
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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 Hammond at 110 Wells Dr, Hammond, LA, 70403 earns $190/mo cash flow from $908/mo rent with a $567/mo payment. Total monthly income totals $908/mo, and annual cash flow totals $2,284/yr on $38,421 capital. ROI tracks 25.85% on current figures, and rental yield reads 9.4% at a $115,900 purchase. Equity gained on principal adds $748/yr, and 5% annual appreciation supports $32,021 over five years. Five-year ROI reaches 134.84% and total cumulative return in cash sums $51,808. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $908/mo property income instead of your personal income.
Single Family
Built in 1980
7,383 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: Jeremiah McAlister • Realty Executives Florida Parishes
Mls Name: GSREIN
Mls Provider:
Mls ID: #2443786
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