202-204 W Clark St #206HammondLA70401
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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 Hammond at 202-204 W Clark St #206, Hammond, LA, 70401 listed at $285,000 pairs $2,850/mo rent with a $1,395/mo payment to leave $1,085/mo cash flow. Total monthly income runs $2,850/mo, and annual cash flow reaches $13,014/yr on $94,478 cash to close. Return on cash invested measures 33.68% in year one, and rental yield registers 12% at a $285,000 basis. Equity gained on principal adds $1,839/yr, and annual property appreciation at 5% supports $78,740 by year five. Five-year ROI tracks 176.73% and total cumulative return in cash totals $166,974. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,850/mo property income relative to a $1,395/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1956
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70401, Hammond, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,489 (100%) |
| Owner Occupied HU | 4,568 (43.6%) |
| Renter Occupied HU | 4,475 (42.7%) |
| Vacant Housing Units | 1,446 (13.8%) |
| Median Home Value | $253,902 |
| Average Home Value | $283,549 |
Housing Distribution
Address Breakdown
Residential
9,636
Single Family
9,246
Multi-Family
390
Businesses
929
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Listed by: Lyndsey Whitmer • Keller Williams Realty Services
Mls Name: GSREIN
Mls Provider:
Mls ID: #2491731
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.