29839 Catholic Hall RdHammondLA70403
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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 Hammond at 29839 Catholic Hall Rd, Hammond, LA, 70403 offers a 10.3% rental yield on a $164,500 purchase with $1,412/mo rent. Total monthly income registers $1,412/mo, and a $805/mo payment leaves $393/mo available for distribution. Annual cash flow reaches $4,718/yr on $54,532 to close, and return on cash invested stands at 28.56% in year one. Equity gained on principal adds $1,061/yr while 5% annual appreciation supports $45,448 over five years. Portfolio math shows five-year ROI at 149.33% and total cumulative return in cash at $81,430. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,412/mo property income against a $805/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70403, Hammond, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,272 (100%) |
| Owner Occupied HU | 7,937 (55.6%) |
| Renter Occupied HU | 4,834 (33.9%) |
| Vacant Housing Units | 1,501 (10.5%) |
| Median Home Value | $238,630 |
| Average Home Value | $244,778 |
Housing Distribution
Address Breakdown
Residential
13,598
Single Family
12,795
Multi-Family
803
Businesses
1,099
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