12714 Spitale RdAmiteLA70422
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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 Amite at 12714 Spitale Rd, Amite, LA, 70422 uses $36,465 cash to close to unlock $5,184/yr annual cash flow and $432/mo monthly cash flow. Total monthly income runs $1,113/mo, and a $538/mo payment keeps the spread at $432/mo. Purchase price stands at $110,000, and rental yield measures 12.14% with $1,113/mo rent. Return on cash invested shows 34.13% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 179.05% and total cumulative return in cash records $65,292. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,113/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 2005
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70422, Amite, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,882 (100%) |
| Owner Occupied HU | 3,812 (64.8%) |
| Renter Occupied HU | 1,264 (21.5%) |
| Vacant Housing Units | 806 (13.7%) |
| Median Home Value | $193,750 |
| Average Home Value | $232,914 |
Housing Distribution
Address Breakdown
Residential
5,392
Single Family
5,347
Multi-Family
45
Businesses
587
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Listed by: Holly Breaux • United Real Estate Partners
Mls Name: GSREIN
Mls Provider:
Mls ID: #2503492
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.