2303 Rue SimoneHammondLA70403
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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 Hammond at 2303 Rue Simone, Hammond, LA, 70403 priced at $375,000 converts $2,595/mo rent into $273/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,595/mo, and annual cash flow totals $3,270/yr on $124,313 invested. Return on cash invested prints 22.54% in year one, and rental yield reads 8.3% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 116.97% and total cumulative return in cash sums $145,407. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,595/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.52 Acres 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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Listed by: Stacey Levin • LPT Realty, LLC.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2516009
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.