284 Homewood PlReserveLA70084
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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 Reserve at 284 Homewood Pl, Reserve, LA, 70084 offers a 10.82% rental yield on a $200,000 purchase with $1,804/mo rent. Total monthly income registers $1,804/mo, and a $979/mo payment leaves $565/mo available for distribution. Annual cash flow reaches $6,780/yr on $66,300 to close, and return on cash invested stands at 30.14% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 157.66% and total cumulative return in cash at $104,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,804/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
5,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70084, Reserve, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,933 (100%) |
| Owner Occupied HU | 1,872 (63.8%) |
| Renter Occupied HU | 617 (21.0%) |
| Vacant Housing Units | 444 (15.1%) |
| Median Home Value | $168,519 |
| Average Home Value | $185,685 |
Housing Distribution
Address Breakdown
Residential
2,420
Single Family
2,420
Multi-Family
0
Businesses
206
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Listed by: Diana Torres • Innovation Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2498538
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