1416 Hooks DrHammondLA70401
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 1416 Hooks Dr, Hammond, LA, 70401 priced at $139,000 pairs $1,068/mo rent with $207/mo cash flow after a $680/mo payment. Total monthly income equals $1,068/mo, and annual cash flow comes to $2,488/yr on $46,079 invested. Return on cash invested is 25.31% in year one, and rental yield stands at 9.22% on a $139,000 basis. Equity gained on principal adds $897/yr, and 5% annual appreciation accumulates to $38,403 by year five. Five-year ROI measures 131.87% and total cumulative return in cash reaches $60,764. For financing, Ziffy Mortgage’s DSCR program evaluates $1,068/mo property income against a $680/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1981
5,227 sqft 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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Listed by: Sam DiVittorio • Realty Executives Florida Parishes
Mls Name: GSREIN
Mls Provider:
Mls ID: #2483684
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