3320 Timberlane Way Dr APT 134HarveyLA70058
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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 Harvey at 3320 Timberlane Way Dr APT 134, Harvey, LA, 70058 offers a 13.31% rental yield on a $117,500 purchase with $1,303/mo rent. Total monthly income registers $1,303/mo, and a $575/mo payment leaves $340/mo available for distribution. Annual cash flow reaches $4,084/yr on $38,951 to close, and return on cash invested stands at 30.39% in year one. Equity gained on principal adds $758/yr while 5% annual appreciation supports $32,463 over five years. Portfolio math shows five-year ROI at 161.81% and total cumulative return in cash at $63,026. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,303/mo property income against a $575/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
1,607 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70058, Harvey, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,473 (100%) |
| Owner Occupied HU | 9,525 (57.8%) |
| Renter Occupied HU | 5,841 (35.5%) |
| Vacant Housing Units | 1,107 ( 6.7%) |
| Median Home Value | $222,383 |
| Average Home Value | $280,517 |
Housing Distribution
Address Breakdown
Residential
15,748
Single Family
13,458
Multi-Family
2,290
Businesses
1,396
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Listed by: Sidonia Dufrene • Homesmart Realty South
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499001
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.