246 S Smokey Cove RdSingerLA70660
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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 Singer at 246 S Smokey Cove Rd, Singer, LA, 70660 generates $2,502/mo in rent and, after a $1,835/mo payment, leaves $180/mo in cash flow. Total monthly income is $2,502/mo, and annual cash flow is $2,154/yr on $124,313 invested. Return on cash invested sits at 21.64% in year one, and rental yield is 8.01% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 112.15% and total cumulative return in cash sums $139,419. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,502/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
9.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70660, Singer, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 771 (100%) |
| Owner Occupied HU | 586 (76.0%) |
| Renter Occupied HU | 90 (11.7%) |
| Vacant Housing Units | 95 (12.3%) |
| Median Home Value | $319,027 |
| Average Home Value | $283,294 |
Housing Distribution
Address Breakdown
Residential
685
Single Family
685
Multi-Family
0
Businesses
23
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