402 Orleans AveFolsomLA70437
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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 Folsom at 402 Orleans Ave, Folsom, LA, 70437 priced at $365,000 pairs $3,000/mo rent with $735/mo cash flow after a $1,786/mo payment. Total monthly income equals $3,000/mo, and annual cash flow comes to $8,814/yr on $120,998 invested. Return on cash invested is 27.19% in year one, and rental yield stands at 9.86% on a $365,000 basis. Equity gained on principal adds $2,355/yr, and 5% annual appreciation accumulates to $100,843 by year five. Five-year ROI measures 141.95% and total cumulative return in cash reaches $171,751. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $1,786/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1983
2.39 Acres lot
$N/A/sqft
$60 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70437, Folsom, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,100 (100%) |
| Owner Occupied HU | 3,255 (79.4%) |
| Renter Occupied HU | 488 (11.9%) |
| Vacant Housing Units | 357 ( 8.7%) |
| Median Home Value | $324,035 |
| Average Home Value | $373,023 |
Housing Distribution
Address Breakdown
Residential
3,301
Single Family
3,289
Multi-Family
12
Businesses
170
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Listed by: Ashley Callahan • 1 Percent Lists Gulf South
Mls Name: GSREIN
Mls Provider:
Mls ID: #2498750
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.