240 Charles Sinagra AveIndependenceLA70443
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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 Independence at 240 Charles Sinagra Ave, Independence, LA, 70443 earns $903/mo cash flow from $2,031/mo rent with a $891/mo payment. Total monthly income totals $2,031/mo, and annual cash flow totals $10,841/yr on $60,333 capital. ROI tracks 37.88% on current figures, and rental yield reads 13.39% at a $182,000 purchase. Equity gained on principal adds $1,174/yr, and 5% annual appreciation supports $50,283 over five years. Five-year ROI reaches 199.27% and total cumulative return in cash sums $120,225. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,031/mo property income instead of your personal income.
Single Family
Built in 1980
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70443, Independence, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,058 (100%) |
| Owner Occupied HU | 3,407 (67.4%) |
| Renter Occupied HU | 1,040 (20.6%) |
| Vacant Housing Units | 611 (12.1%) |
| Median Home Value | $207,500 |
| Average Home Value | $238,147 |
Housing Distribution
Address Breakdown
Residential
3,869
Single Family
3,869
Multi-Family
0
Businesses
123
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Listed by: Image Hasselbeck • Community RealEstate LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2513209
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.