1620 Wafer RdHaughtonLA71037
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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
Rental property for sale in Haughton at 1620 Wafer Rd, Haughton, LA, 71037 generates $865/mo in rent and, after a $538/mo payment, leaves $184/mo in cash flow. Total monthly income is $865/mo, and annual cash flow is $2,210/yr on $36,432 invested. Return on cash invested sits at 25.97% in year one, and rental yield is 9.44% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 135.52% and total cumulative return in cash sums $49,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $865/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71037, Haughton, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,343 (100%) |
| Owner Occupied HU | 7,046 (75.4%) |
| Renter Occupied HU | 1,491 (16.0%) |
| Vacant Housing Units | 806 ( 8.6%) |
| Median Home Value | $234,885 |
| Average Home Value | $256,469 |
Housing Distribution
Address Breakdown
Residential
8,803
Single Family
8,775
Multi-Family
28
Businesses
306
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