2015 Spanish Oaks DrHarveyLA70058
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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 Harvey at 2015 Spanish Oaks Dr, Harvey, LA, 70058 priced at $285,000 pairs $2,040/mo rent with $275/mo cash flow after a $1,395/mo payment. Total monthly income equals $2,040/mo, and annual cash flow comes to $3,294/yr on $94,478 invested. Return on cash invested is 23.4% in year one, and rental yield stands at 8.59% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 121.56% and total cumulative return in cash reaches $114,846. For financing, Ziffy Mortgage’s DSCR program evaluates $2,040/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
8,820 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70058, Harvey, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,473 (100%) |
| Owner Occupied HU | 9,525 (57.8%) |
| Renter Occupied HU | 5,841 (35.5%) |
| Vacant Housing Units | 1,107 ( 6.7%) |
| Median Home Value | $222,383 |
| Average Home Value | $280,517 |
Housing Distribution
Address Breakdown
Residential
15,748
Single Family
13,458
Multi-Family
2,290
Businesses
1,396
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Listed by: William King • Satsuma Real Estate LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2433896
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