16197 Trapen LnHammondLA70466
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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
Investment property for sale in Hammond at 16197 Trapen Ln, Hammond, LA, 70466 offers a 9.64% rental yield on a $199,000 purchase with $1,599/mo rent. Total monthly income registers $1,599/mo, and a $974/mo payment leaves $366/mo available for distribution. Annual cash flow reaches $4,396/yr on $65,969 to close, and return on cash invested stands at 26.57% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 138.64% and total cumulative return in cash at $91,458. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,599/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70466, Tickfaw, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,178 (100%) |
| Owner Occupied HU | 2,598 (62.2%) |
| Renter Occupied HU | 1,197 (28.7%) |
| Vacant Housing Units | 383 ( 9.2%) |
| Median Home Value | $221,448 |
| Average Home Value | $227,772 |
Housing Distribution
Address Breakdown
Residential
3,625
Single Family
3,625
Multi-Family
0
Businesses
123
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