24298 Saltgrass LnPonchatoulaLA70454
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
Investment property for sale in Ponchatoula at 24298 Saltgrass Ln, Ponchatoula, LA, 70454 uses $75,408 cash to close to unlock $8,295/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $2,100/mo, and a $1,113/mo payment keeps the spread at $691/mo. Purchase price stands at $227,475, and rental yield measures 11.08% with $2,100/mo rent. Return on cash invested shows 30.91% in year one, and 5% annual appreciation builds toward $62,847 over five years. Five-year ROI reaches 161.9% and total cumulative return in cash records $122,082. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,100/mo property income covering a $1,113/mo payment rather than investor’s personal income.
Single Family
Built in 2025
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70454, Ponchatoula, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,026 (100%) |
| Owner Occupied HU | 11,220 (74.7%) |
| Renter Occupied HU | 2,717 (18.1%) |
| Vacant Housing Units | 1,089 ( 7.2%) |
| Median Home Value | $234,027 |
| Average Home Value | $258,589 |
Housing Distribution
Address Breakdown
Residential
14,785
Single Family
14,597
Multi-Family
188
Businesses
610
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Duncan • D.R.Horton Realty of Louisiana
Mls Name: GSREIN
Mls ID: #2532525