2030 Gravel Pit RdPitkinLA70656
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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 Pitkin at 2030 Gravel Pit Rd, Pitkin, LA, 70656 uses $56,322 cash to close to unlock $3,710/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $1,362/mo, and a $832/mo payment keeps the spread at $309/mo. Purchase price stands at $169,900, and rental yield measures 9.62% with $1,362/mo rent. Return on cash invested shows 26.5% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 138.26% and total cumulative return in cash records $77,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,362/mo property income covering a $832/mo payment rather than investor’s personal income.
Manufactured
Built in 2016
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70656, Pitkin, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,751 (100%) |
| Owner Occupied HU | 1,243 (71.0%) |
| Renter Occupied HU | 214 (12.2%) |
| Vacant Housing Units | 294 (16.8%) |
| Median Home Value | $104,842 |
| Average Home Value | $129,334 |
Housing Distribution
Address Breakdown
Residential
1,420
Single Family
1,420
Multi-Family
0
Businesses
42
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