446 Good Hope StNorcoLA70079
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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 Norco at 446 Good Hope St, Norco, LA, 70079 generates $2,130/mo in rent and, after a $1,463/mo payment, leaves $278/mo in cash flow. Total monthly income is $2,130/mo, and annual cash flow is $3,340/yr on $99,119 invested. Return on cash invested sits at 23.28% in year one, and rental yield is 8.55% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 120.96% and total cumulative return in cash sums $119,890. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,130/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
6,557 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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