18065 Back Ridge RdAmiteLA70422
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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 Amite at 18065 Back Ridge Rd, Amite, LA, 70422 uses $62,952 cash to close to unlock $8,666/yr annual cash flow and $722/mo monthly cash flow. Total monthly income runs $1,898/mo, and a $929/mo payment keeps the spread at $722/mo. Purchase price stands at $189,900, and rental yield measures 11.99% with $1,898/mo rent. Return on cash invested shows 33.67% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 176.71% and total cumulative return in cash records $111,245. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,898/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 2025
4.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70422, Amite, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,882 (100%) |
| Owner Occupied HU | 3,812 (64.8%) |
| Renter Occupied HU | 1,264 (21.5%) |
| Vacant Housing Units | 806 (13.7%) |
| Median Home Value | $193,750 |
| Average Home Value | $232,914 |
Housing Distribution
Address Breakdown
Residential
5,392
Single Family
5,347
Multi-Family
45
Businesses
587
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