2948 Manhattan Blvd UNIT 213HarveyLA70058
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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 Harvey at 2948 Manhattan Blvd UNIT 213, Harvey, LA, 70058 offers a 9.39% rental yield on a $108,000 purchase with $845/mo rent. Total monthly income registers $845/mo, and a $529/mo payment leaves $176/mo available for distribution. Annual cash flow reaches $2,107/yr on $35,802 to close, and return on cash invested stands at 25.79% in year one. Equity gained on principal adds $697/yr while 5% annual appreciation supports $29,838 over five years. Portfolio math shows five-year ROI at 134.49% and total cumulative return in cash at $48,152. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $845/mo property income against a $529/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70058, Harvey, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,473 (100%) |
| Owner Occupied HU | 9,525 (57.8%) |
| Renter Occupied HU | 5,841 (35.5%) |
| Vacant Housing Units | 1,107 ( 6.7%) |
| Median Home Value | $222,383 |
| Average Home Value | $280,517 |
Housing Distribution
Address Breakdown
Residential
15,748
Single Family
13,458
Multi-Family
2,290
Businesses
1,396
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