506 S Olive StHammondLA70403
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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 Hammond at 506 S Olive St, Hammond, LA, 70403 with 5% annual appreciation on a $140,000 basis while $1,231/mo rent supports operations. Total monthly income totals $1,231/mo and a $685/mo payment preserves $364/mo for cash returns. Annual cash flow comes to $4,368/yr on $46,410 deployed, and return on cash invested reaches 29.32% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 10.55%. Five-year ROI measures 153.33% and total cumulative return in cash totals $71,158.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,231/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70403, Hammond, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,272 (100%) |
| Owner Occupied HU | 7,937 (55.6%) |
| Renter Occupied HU | 4,834 (33.9%) |
| Vacant Housing Units | 1,501 (10.5%) |
| Median Home Value | $238,630 |
| Average Home Value | $244,778 |
Housing Distribution
Address Breakdown
Residential
13,598
Single Family
12,795
Multi-Family
803
Businesses
1,099
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Listed by: Heather Laughlin • Century 21 Action Realty, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2503953
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.