18402 Bellingrath Lakes AveGreenwell 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 18402 Bellingrath Lakes Ave, Greenwell Springs, LA, 70739 offers a 3.16% rental yield on a $615,000 purchase with $1,620/mo rent. 07% in year one. Equity gained on principal adds $3,969/yr while 5% annual appreciation supports $169,913 over five years. Portfolio math shows five-year ROI at 34% and total cumulative return in cash at $68,789. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,620/mo property income against a $3,010/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.43 Acres 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: Traci Patin • RE/MAX Professional
Mls Name: ROAM MLS
Mls ID: #2025020076