29486 Highway 23Port SulphurLA70083
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
Investment property for sale in Port Sulphur at 29486 Highway 23, Port Sulphur, LA, 70083 offers a 9.14% rental yield on a $110,000 purchase with $838/mo rent. Total monthly income registers $838/mo, and a $538/mo payment leaves $157/mo available for distribution. Annual cash flow reaches $1,884/yr on $36,465 to close, and return on cash invested stands at 25.08% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 130.55% and total cumulative return in cash at $47,604. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $838/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2006
1.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70083, Port Sulphur, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,258 (100%) |
| Owner Occupied HU | 788 (62.6%) |
| Renter Occupied HU | 138 (11.0%) |
| Vacant Housing Units | 332 (26.4%) |
| Median Home Value | $111,702 |
| Average Home Value | $204,724 |
Housing Distribution
Address Breakdown
Residential
920
Single Family
920
Multi-Family
0
Businesses
84
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Nearby investment properties with comparable prices
Listed by: Samantha Barnes • Melrose Group Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2459126
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