18009 Highway 585Oak GroveLA71263
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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 Oak Grove at 18009 Highway 585, Oak Grove, LA, 71263 earns $403/mo cash flow from $1,608/mo rent with a $952/mo payment. Total monthly income totals $1,608/mo, and annual cash flow totals $4,838/yr on $64,477 capital. ROI tracks 27.41% on current figures, and rental yield reads 9.92% at a $194,500 purchase. Equity gained on principal adds $1,255/yr, and 5% annual appreciation supports $53,737 over five years. Five-year ROI reaches 143.15% and total cumulative return in cash sums $92,301. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,608/mo property income instead of your personal income.
Single Family
Built in 1980
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71263, Oak Grove, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 2,393 (67.2%) |
| Renter Occupied HU | 703 (19.8%) |
| Vacant Housing Units | 463 (13.0%) |
| Median Home Value | $115,544 |
| Average Home Value | $142,947 |
Housing Distribution
Address Breakdown
Residential
2,896
Single Family
2,896
Multi-Family
0
Businesses
286
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