506 Spillers Rd, Chatham, LA, 71226 | $171/mo Cash Flow

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Chatham at 506 Spillers Rd, Chatham, LA, 71226 generates $914/mo in rent and, after a $587/mo payment, leaves $171/mo in cash flow. Total monthly income is $914/mo, and annual cash flow is $2,052/yr on $39,780 invested. Return on cash invested sits at 25.07% in year one, and rental yield is 9.14% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 130.49% and total cumulative return in cash sums $51,907. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $914/mo property income rather than buyer’s personal income.

Single Family

Built in N/A

32 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 71226, Chatham, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	975 (100%)
Owner Occupied HU	573 (58.8%)
Renter Occupied HU	140 (14.4%)
Vacant Housing Units	262 (26.9%)
Median Home Value	$133,984
Average Home Value	$184,372