1304 N Cherry StHammondLA70401
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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 Hammond at 1304 N Cherry St, Hammond, LA, 70401 uses $49,725 cash to close to unlock $3,132/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $1,190/mo, and a $734/mo payment keeps the spread at $261/mo. Purchase price stands at $150,000, and rental yield measures 9.52% with $1,190/mo rent. Return on cash invested shows 26.21% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 136.63% and total cumulative return in cash records $67,938. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,190/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1960
N/A 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
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