352 Hopewell RdPitkinLA70656
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 Pitkin at 352 Hopewell Rd, Pitkin, LA, 70656 priced at $245,000 converts $1,764/mo rent into $247/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,764/mo, and annual cash flow totals $2,958/yr on $81,218 invested. Return on cash invested prints 23.55% in year one, and rental yield reads 8.64% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 122.41% and total cumulative return in cash sums $99,420. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,764/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 2020
11.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70656, Pitkin, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,751 (100%) |
| Owner Occupied HU | 1,243 (71.0%) |
| Renter Occupied HU | 214 (12.2%) |
| Vacant Housing Units | 294 (16.8%) |
| Median Home Value | $104,842 |
| Average Home Value | $129,334 |
Housing Distribution
Address Breakdown
Residential
1,420
Single Family
1,420
Multi-Family
0
Businesses
42
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