1589 Airport LoopHomerLA71040
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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 Homer at 1589 Airport Loop, Homer, LA, 71040 listed at $230,500 pairs $838/mo rent with a $1,128/mo payment. Total monthly income runs $838/mo. Return on cash invested measures 10.65% in year one, and rental yield registers 4.36% at a $230,500 basis. Equity gained on principal adds $1,487/yr, and annual property appreciation at 5% supports $63,683 by year five. Five-year ROI tracks 53.23% and total cumulative return in cash totals $40,676. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $838/mo property income relative to a $1,128/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1980
0.36 Acres 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
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