24332 Cordgrass 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 24332 Cordgrass Ln, Ponchatoula, LA, 70454 earns $657/mo cash flow from $2,100/mo rent with a $1,140/mo payment. Total monthly income totals $2,100/mo, and annual cash flow totals $7,887/yr on $77,206 capital. ROI tracks 30.12% on current figures, and rental yield reads 10.82% at a $232,900 purchase. Equity gained on principal adds $1,503/yr, and 5% annual appreciation supports $64,346 over five years. Five-year ROI reaches 157.69% and total cumulative return in cash sums $121,745. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,100/mo property income instead of your 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
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Listed by: Melissa Duncan • D.R.Horton Realty of Louisiana
Mls Name: GSREIN
Mls ID: #2520164