2024 Spanish Oaks DrHarveyLA70058
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Harvey at 2024 Spanish Oaks Dr, Harvey, LA, 70058 uses $112,710 cash to close to unlock $15,312/yr annual cash flow and $1,276/mo monthly cash flow. Total monthly income runs $3,382/mo, and a $1,664/mo payment keeps the spread at $1,276/mo. Purchase price stands at $340,000, and rental yield measures 11.94% with $3,382/mo rent. Return on cash invested shows 33.49% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 175.69% and total cumulative return in cash records $198,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,382/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1980
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices