2461 Randy DrDenham SpringsLA70726
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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 Denham Springs at 2461 Randy Dr, Denham Springs, LA, 70726 offers a 8.65% rental yield on a $264,000 purchase with $1,903/mo rent. Total monthly income registers $1,903/mo, and a $1,292/mo payment leaves $268/mo available for distribution. Annual cash flow reaches $3,214/yr on $87,516 to close, and return on cash invested stands at 23.58% in year one. Equity gained on principal adds $1,704/yr while 5% annual appreciation supports $72,938 over five years. Portfolio math shows five-year ROI at 122.56% and total cumulative return in cash at $107,257. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,903/mo property income against a $1,292/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70726, Denham Springs, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,377 (100%) |
| Owner Occupied HU | 18,181 (68.9%) |
| Renter Occupied HU | 6,047 (22.9%) |
| Vacant Housing Units | 2,149 ( 8.1%) |
| Median Home Value | $245,059 |
| Average Home Value | $287,868 |
Housing Distribution
Address Breakdown
Residential
25,796
Single Family
23,918
Multi-Family
1,878
Businesses
1,199
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Listed by: Aaron Goolsby • Covington & Associates Real Estate, LLC
Mls Name: ROAM MLS
Mls ID: #2025019492