1201 N General Pershing 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 1201 N General Pershing St, Hammond, LA, 70401 offers $3,292/mo rent that, after a $6,265/mo payment. Total monthly income is $3,292/mo. Return on cash invested measures 6.95% in year one, and rental yield stands at 3.09% at a $1,280,000 entry. Equity gained on principal adds $8,260/yr while 5% annual appreciation compounds into $353,640 by year five. Five-year ROI records 33.27% and total cumulative return in cash reaches $137,964. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,292/mo property income versus a $6,265/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
1.50 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Williams • RE/MAX Select
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499080
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.