502 Northwoods DrAbita SpringsLA70420
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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
Investment property for sale in Abita Springs at 502 Northwoods Dr, Abita Springs, LA, 70420 offers a 4.99% rental yield on a $619,900 purchase with $2,580/mo rent. 37% in year one. Equity gained on principal adds $4,000/yr while 5% annual appreciation supports $171,267 over five years. Portfolio math shows five-year ROI at 57.48% and total cumulative return in cash at $117,224. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,580/mo property income against a $3,034/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
0.74 Acres lot
$N/A/sqft
$540 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70420, Abita Springs, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,877 (100%) |
| Owner Occupied HU | 3,080 (79.4%) |
| Renter Occupied HU | 516 (13.3%) |
| Vacant Housing Units | 281 ( 7.2%) |
| Median Home Value | $297,663 |
| Average Home Value | $327,292 |
Housing Distribution
Address Breakdown
Residential
3,449
Single Family
3,369
Multi-Family
80
Businesses
268
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Listed by: Carla Buquoi • Realty One Group Immobilia
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499099
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.