29830 N Montpelier AveAlbanyLA70711
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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 Albany at 29830 N Montpelier Ave, Albany, LA, 70711 uses $56,355 cash to close to unlock $324/yr annual cash flow and $27/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $832/mo payment keeps the spread at $27/mo. Purchase price stands at $170,000, and rental yield measures 7.62% with $1,080/mo rent. Return on cash invested shows 20.48% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 105.91% and total cumulative return in cash records $59,685. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 2002
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70711, Albany, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,267 (100%) |
| Owner Occupied HU | 1,572 (69.3%) |
| Renter Occupied HU | 550 (24.3%) |
| Vacant Housing Units | 145 ( 6.4%) |
| Median Home Value | $265,966 |
| Average Home Value | $351,212 |
Housing Distribution
Address Breakdown
Residential
1,847
Single Family
1,787
Multi-Family
60
Businesses
155
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