120 Clover RdEganLA70531
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 Egan at 120 Clover Rd, Egan, LA, 70531 offers $1,090/mo rent that, after a $734/mo payment, leaves $161/mo cash flow. Total monthly income is $1,090/mo, and annual cash flow is $1,932/yr on $49,725 cash. Return on cash invested measures 23.79% in year one, and rental yield stands at 8.72% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 123.69% and total cumulative return in cash reaches $61,506. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,090/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70531, Egan, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 545 (100%) |
| Owner Occupied HU | 394 (72.3%) |
| Renter Occupied HU | 100 (18.3%) |
| Vacant Housing Units | 51 ( 9.4%) |
| Median Home Value | $220,270 |
| Average Home Value | $223,464 |
Housing Distribution
Address Breakdown
Residential
494
Single Family
494
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices