400 Fonda StParadisLA70080
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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 Paradis at 400 Fonda St, Paradis, LA, 70080 generates $2,891/mo in rent and, after a $1,659/mo payment, leaves $791/mo in cash flow. Total monthly income is $2,891/mo, and annual cash flow is $9,496/yr on $112,379 invested. Return on cash invested sits at 28.36% in year one, and rental yield is 10.23% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 148.17% and total cumulative return in cash sums $166,516. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,891/mo property income rather than buyer’s personal income.
Single Family
Built in 1913
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70080, Paradis, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 577 (100%) |
| Owner Occupied HU | 381 (66.0%) |
| Renter Occupied HU | 140 (24.3%) |
| Vacant Housing Units | 56 ( 9.7%) |
| Median Home Value | $176,580 |
| Average Home Value | $241,358 |
Housing Distribution
Address Breakdown
Residential
446
Single Family
446
Multi-Family
0
Businesses
26
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Listed by: Jeffery Melancon • RE/MAX Synergy
Mls Name: GSREIN
Mls Provider:
Mls ID: #2494270
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.