120 Tulane AveIndependenceLA70443
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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
Rental property for sale in Independence at 120 Tulane Ave, Independence, LA, 70443 priced at $139,500 pairs $1,122/mo rent with $258/mo cash flow after a $683/mo payment. Total monthly income equals $1,122/mo, and annual cash flow comes to $3,092/yr on $46,244 invested. Return on cash invested is 26.59% in year one, and rental yield stands at 9.65% on a $139,500 basis. Equity gained on principal adds $900/yr, and 5% annual appreciation accumulates to $38,541 by year five. Five-year ROI measures 138.74% and total cumulative return in cash reaches $64,161. For financing, Ziffy Mortgage’s DSCR program evaluates $1,122/mo property income against a $683/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70443, Independence, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,058 (100%) |
| Owner Occupied HU | 3,407 (67.4%) |
| Renter Occupied HU | 1,040 (20.6%) |
| Vacant Housing Units | 611 (12.1%) |
| Median Home Value | $207,500 |
| Average Home Value | $238,147 |
Housing Distribution
Address Breakdown
Residential
3,869
Single Family
3,869
Multi-Family
0
Businesses
123
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Listed by: David Mondebello • Coldwell Banker TEC HAMMOND
Mls Name: GSREIN
Mls ID: #2529689