164 Highway 520HomerLA71040
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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 164 Highway 520, Homer, LA, 71040 offers a 11.14% rental yield on a $188,000 purchase with $1,745/mo rent. Total monthly income registers $1,745/mo, and a $920/mo payment leaves $581/mo available for distribution. Annual cash flow reaches $6,967/yr on $62,322 to close, and return on cash invested stands at 31.09% in year one. Equity gained on principal adds $1,213/yr while 5% annual appreciation supports $51,941 over five years. Portfolio math shows five-year ROI at 162.81% and total cumulative return in cash at $101,468. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,745/mo property income against a $920/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
5.80 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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Listed by: Paige Salas • LA State Realty, LLC
Mls Name: NTREIS
Mls ID: #20822300
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.