1212 Wpa RdHomerLA71040
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 Homer at 1212 Wpa Rd, Homer, LA, 71040 priced at $453,500 converts $0/mo rent into after a $2,220/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.52% in year one, and rental yield reads 0% against a $453,500 entry. Equity gained on principal adds $2,926/yr, while 5% annual appreciation compiles into $125,294 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $2,220/mo payment, not borrower’s personal income.
Single Family
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71040, Homer, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,794 (100%) |
| Owner Occupied HU | 2,144 (56.5%) |
| Renter Occupied HU | 768 (20.2%) |
| Vacant Housing Units | 882 (23.2%) |
| Median Home Value | $90,294 |
| Average Home Value | $138,080 |
Housing Distribution
Address Breakdown
Residential
3,419
Single Family
3,418
Multi-Family
1
Businesses
311
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices