314 S Laurel StAmiteLA70422
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
Rental property for sale in Amite at 314 S Laurel St, Amite, LA, 70422 generates $570/mo in rent, after a $710/mo payment. Total monthly income is $570/mo. Return on cash invested sits at 11.71% in year one, and rental yield is 4.72% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 58.93% and total cumulative return in cash sums $28,328. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $570/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70422, Amite, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,882 (100%) |
| Owner Occupied HU | 3,812 (64.8%) |
| Renter Occupied HU | 1,264 (21.5%) |
| Vacant Housing Units | 806 (13.7%) |
| Median Home Value | $193,750 |
| Average Home Value | $232,914 |
Housing Distribution
Address Breakdown
Residential
5,392
Single Family
5,347
Multi-Family
45
Businesses
587
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices