1522 6th AveGlenmoraLA71433
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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 Glenmora at 1522 6th Ave, Glenmora, LA, 71433 uses $59,670 cash to close to unlock $6,060/yr annual cash flow and $505/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $881/mo payment keeps the spread at $505/mo. Purchase price stands at $180,000, and rental yield measures 10.8% with $1,620/mo rent. Return on cash invested shows 30.06% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 157.29% and total cumulative return in cash records $93,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1978
9,983 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71433, Glenmora, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,121 (100%) |
| Owner Occupied HU | 1,363 (64.3%) |
| Renter Occupied HU | 356 (16.8%) |
| Vacant Housing Units | 402 (19.0%) |
| Median Home Value | $141,992 |
| Average Home Value | $164,582 |
Housing Distribution
Address Breakdown
Residential
1,346
Single Family
1,335
Multi-Family
11
Businesses
71
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Listed by: Angela Chestovich • Better Homes & Gardens Real Estate Rhodes Realty
Mls Name: GCLRA
Mls Provider:
Mls ID: #2499403
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.