233 High StAbita SpringsLA70420
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
Rental property for sale in Abita Springs at 233 High St, Abita Springs, LA, 70420 generates $3,888/mo in rent, after a $3,255/mo payment. Total monthly income is $3,888/mo. Return on cash invested sits at 18.79% in year one, and rental yield is 7.02% on a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation builds toward $183,727 over five years. Five-year ROI reaches 96.83% and total cumulative return in cash sums $211,843. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,888/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70420, Abita Springs, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,877 (100%) |
| Owner Occupied HU | 3,080 (79.4%) |
| Renter Occupied HU | 516 (13.3%) |
| Vacant Housing Units | 281 ( 7.2%) |
| Median Home Value | $297,663 |
| Average Home Value | $327,292 |
Housing Distribution
Address Breakdown
Residential
3,449
Single Family
3,369
Multi-Family
80
Businesses
268
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffery Sonnenberg • KPG Realty, LLC
Mls Name: GSREIN
Mls ID: #2539847