16382 Hooper Rd APT A1Greenwell SpringsLA70739
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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 Greenwell Springs at 16382 Hooper Rd APT A1, Greenwell Springs, LA, 70739 uses $38,951 cash to close to unlock $3/yr annual cash flow and $0/mo monthly cash flow. Total monthly income runs $728/mo, and a $575/mo payment keeps the spread at $0/mo. Purchase price stands at $117,500, and rental yield measures 7.43% with $728/mo rent. Return on cash invested shows 19.92% in year one, and 5% annual appreciation builds toward $32,463 over five years. Five-year ROI reaches 102.97% and total cumulative return in cash records $40,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $728/mo property income covering a $575/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70739, Greenwell Springs, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,146 (100%) |
| Owner Occupied HU | 4,207 (81.8%) |
| Renter Occupied HU | 627 (12.2%) |
| Vacant Housing Units | 312 ( 6.1%) |
| Median Home Value | $338,798 |
| Average Home Value | $384,306 |
Housing Distribution
Address Breakdown
Residential
5,102
Single Family
4,918
Multi-Family
184
Businesses
175
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Listed by: Rainee Dunham • Magnolia Key Realty & Co. LLC
Mls Name: ROAM MLS
Mls ID: #2026000028