1862 Thompson Creek RdNorwoodLA70761
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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
Rental property for sale in Norwood at 1862 Thompson Creek Rd, Norwood, LA, 70761 generates $892/mo in rent, after a $1,855/mo payment. Total monthly income is $892/mo. Return on cash invested sits at 6.01% in year one, and rental yield is 2.82% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 28.32% and total cumulative return in cash sums $35,579. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $892/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
18.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70761, Norwood, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 349 (100%) |
| Owner Occupied HU | 223 (63.9%) |
| Renter Occupied HU | 42 (12.0%) |
| Vacant Housing Units | 84 (24.1%) |
| Median Home Value | $233,594 |
| Average Home Value | $292,007 |
Housing Distribution
Address Breakdown
Residential
316
Single Family
304
Multi-Family
12
Businesses
21
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