3 Fairway View CtHammondLA70401
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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
Rental property for sale in Hammond at 3 Fairway View Ct, Hammond, LA, 70401 generates $2,607/mo in rent and, after a $1,958/mo payment, leaves $129/mo in cash flow. Total monthly income is $2,607/mo, and annual cash flow is $1,548/yr on $132,600 invested. Return on cash invested sits at 21.08% in year one, and rental yield is 7.82% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 109.1% and total cumulative return in cash sums $144,664. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,607/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70401, Hammond, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,489 (100%) |
| Owner Occupied HU | 4,568 (43.6%) |
| Renter Occupied HU | 4,475 (42.7%) |
| Vacant Housing Units | 1,446 (13.8%) |
| Median Home Value | $253,902 |
| Average Home Value | $283,549 |
Housing Distribution
Address Breakdown
Residential
9,636
Single Family
9,246
Multi-Family
390
Businesses
929
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