42399 Evangeline Dr, Hammond, LA, 70403 | $110/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Hammond at 42399 Evangeline Dr, Hammond, LA, 70403 offers a 7.85% rental yield on a $320,000 purchase with $2,092/mo rent. Total monthly income registers $2,092/mo, and a $1,566/mo payment leaves $110/mo available for distribution. Annual cash flow reaches $1,320/yr on $106,080 to close, and return on cash invested stands at 21.15% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 109.51% and total cumulative return in cash at $116,163. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,092/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2018

9,165 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70403, Hammond, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,272 (100%)
Owner Occupied HU	7,937 (55.6%)
Renter Occupied HU	4,834 (33.9%)
Vacant Housing Units	1,501 (10.5%)
Median Home Value	$238,630
Average Home Value	$244,778