402 E Norwood DrJenningsLA70546
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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 Jennings at 402 E Norwood Dr, Jennings, LA, 70546 with 5% annual appreciation on a $142,500 basis while $1,097/mo rent supports operations. Total monthly income totals $1,097/mo and a $697/mo payment preserves $215/mo for cash returns. Annual cash flow comes to $2,577/yr on $47,239 deployed, and return on cash invested reaches 25.36% in year one. Equity gained on principal adds $920/yr, and five-year appreciation sums $39,370 alongside rental yield of 9.24%. Five-year ROI measures 132.1% and total cumulative return in cash totals $62,403.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,097/mo property income versus a $697/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
24.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70546, Jennings, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,016 (100%) |
| Owner Occupied HU | 4,381 (62.4%) |
| Renter Occupied HU | 1,734 (24.7%) |
| Vacant Housing Units | 901 (12.8%) |
| Median Home Value | $171,972 |
| Average Home Value | $221,734 |
Housing Distribution
Address Breakdown
Residential
6,681
Single Family
6,313
Multi-Family
368
Businesses
751
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