286 Alessi RdIndependenceLA70443
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
Rental property for sale in Independence at 286 Alessi Rd, Independence, LA, 70443 priced at $119,900 pairs $911/mo rent with $168/mo cash flow after a $587/mo payment. Total monthly income equals $911/mo, and annual cash flow comes to $2,018/yr on $39,747 invested. Return on cash invested is 24.99% in year one, and rental yield stands at 9.12% on a $119,900 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,126 by year five. Five-year ROI measures 130.18% and total cumulative return in cash reaches $51,744. For financing, Ziffy Mortgage’s DSCR program evaluates $911/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1944
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70443, Independence, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,058 (100%) |
| Owner Occupied HU | 3,407 (67.4%) |
| Renter Occupied HU | 1,040 (20.6%) |
| Vacant Housing Units | 611 (12.1%) |
| Median Home Value | $207,500 |
| Average Home Value | $238,147 |
Housing Distribution
Address Breakdown
Residential
3,869
Single Family
3,869
Multi-Family
0
Businesses
123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darren James • LPT Realty, LLC
Mls Name: ROAM MLS
Mls ID: #2026000894