46022 Terra Cotta CtHammondLA70401
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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 Hammond at 46022 Terra Cotta Ct, Hammond, LA, 70401 generates $1,899/mo in rent and, after a $1,291/mo payment, leaves $232/mo in cash flow. Total monthly income is $1,899/mo, and annual cash flow is $2,781/yr on $87,440 invested. Return on cash invested sits at 23.09% in year one, and rental yield is 8.64% on a $263,770 entry. Equity gained on principal adds $1,702/yr, while 5% annual appreciation builds toward $72,875 over five years. Five-year ROI reaches 120.06% and total cumulative return in cash sums $104,977. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,899/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
9,583 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70401, Hammond, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,489 (100%) |
| Owner Occupied HU | 4,568 (43.6%) |
| Renter Occupied HU | 4,475 (42.7%) |
| Vacant Housing Units | 1,446 (13.8%) |
| Median Home Value | $253,902 |
| Average Home Value | $283,549 |
Housing Distribution
Address Breakdown
Residential
9,636
Single Family
9,246
Multi-Family
390
Businesses
929
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Listed by: Saun Sullivan • Cicero Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #NO2025006155
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.