505 Marion AveHarveyLA70058
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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 Harvey at 505 Marion Ave, Harvey, LA, 70058 uses $49,725 cash to close to unlock $2,688/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,153/mo, and a $734/mo payment keeps the spread at $224/mo. Purchase price stands at $150,000, and rental yield measures 9.22% with $1,153/mo rent. Return on cash invested shows 25.31% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 131.8% and total cumulative return in cash records $65,538. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,153/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1951
50,104 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70058, Harvey, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,473 (100%) |
| Owner Occupied HU | 9,525 (57.8%) |
| Renter Occupied HU | 5,841 (35.5%) |
| Vacant Housing Units | 1,107 ( 6.7%) |
| Median Home Value | $222,383 |
| Average Home Value | $280,517 |
Housing Distribution
Address Breakdown
Residential
15,748
Single Family
13,458
Multi-Family
2,290
Businesses
1,396
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