51 Good Hope StNorcoLA70079
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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 Norco at 51 Good Hope St, Norco, LA, 70079 at $219,000 posts ROI 32.69% with $773/mo cash flow from $2,130/mo rent. Total monthly income equals $2,130/mo, and annual cash flow records $9,280/yr on $72,599 to close. Return on cash invested measures 32.69% and rental yield reads 11.67% at the current $219,000. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 by year five. Five-year ROI prints 171.45% and total cumulative return in cash totals $124,473.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,130/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1938
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70079, Norco, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 963 (73.8%) |
| Renter Occupied HU | 223 (17.1%) |
| Vacant Housing Units | 118 ( 9.0%) |
| Median Home Value | $241,700 |
| Average Home Value | $272,879 |
Housing Distribution
Address Breakdown
Residential
1,231
Single Family
1,219
Multi-Family
12
Businesses
115
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