478 Homewood PlReserveLA70084
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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 Reserve at 478 Homewood Pl, Reserve, LA, 70084 generates $825/mo in rent and, after a $538/mo payment, leaves $144/mo in cash flow. Total monthly income is $825/mo, and annual cash flow is $1,728/yr on $36,465 invested. Return on cash invested sits at 24.65% in year one, and rental yield is 9% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 128.28% and total cumulative return in cash sums $46,776. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $825/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
6,703 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70084, Reserve, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,933 (100%) |
| Owner Occupied HU | 1,872 (63.8%) |
| Renter Occupied HU | 617 (21.0%) |
| Vacant Housing Units | 444 (15.1%) |
| Median Home Value | $168,519 |
| Average Home Value | $185,685 |
Housing Distribution
Address Breakdown
Residential
2,420
Single Family
2,420
Multi-Family
0
Businesses
206
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Listed by: Leslie Cambre • LATTER & BLUM (LATT21)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2444887
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