431 Pine StNorcoLA70079
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 Norco at 431 Pine St, Norco, LA, 70079 offers $2,130/mo rent that, after a $1,052/mo payment, leaves $799/mo cash flow. Total monthly income is $2,130/mo, and annual cash flow is $9,582/yr on $71,273 cash. Return on cash invested measures 33.35% in year one, and rental yield stands at 11.89% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 174.99% and total cumulative return in cash reaches $124,717. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,130/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
10,842 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70079, Norco, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 963 (73.8%) |
| Renter Occupied HU | 223 (17.1%) |
| Vacant Housing Units | 118 ( 9.0%) |
| Median Home Value | $241,700 |
| Average Home Value | $272,879 |
Housing Distribution
Address Breakdown
Residential
1,231
Single Family
1,219
Multi-Family
12
Businesses
115
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