309 2nd AveHammondLA70403
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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 309 2nd Ave, Hammond, LA, 70403 with 5% annual appreciation on a $160,100 basis while $1,419/mo rent supports operations. Total monthly income totals $1,419/mo and a $784/mo payment preserves $427/mo for cash returns. Annual cash flow comes to $5,122/yr on $53,073 deployed, and return on cash invested reaches 29.56% in year one. Equity gained on principal adds $1,033/yr, and five-year appreciation sums $44,233 alongside rental yield of 10.64%. Five-year ROI measures 154.6% and total cumulative return in cash totals $82,053.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,419/mo property income versus a $784/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A 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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