211 Celia AveHammondLA70403
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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 211 Celia Ave, Hammond, LA, 70403 uses $44,753 cash to close to unlock $8,682/yr annual cash flow and $724/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $661/mo payment keeps the spread at $724/mo. Purchase price stands at $135,000, and rental yield measures 13.87% with $1,560/mo rent. Return on cash invested shows 39.31% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 206.95% and total cumulative return in cash records $92,617. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1966
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70403, Hammond, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,272 (100%) |
| Owner Occupied HU | 7,937 (55.6%) |
| Renter Occupied HU | 4,834 (33.9%) |
| Vacant Housing Units | 1,501 (10.5%) |
| Median Home Value | $238,630 |
| Average Home Value | $244,778 |
Housing Distribution
Address Breakdown
Residential
13,598
Single Family
12,795
Multi-Family
803
Businesses
1,099
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