53093 S Bennett RdIndependenceLA70443
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Independence at 53093 S Bennett Rd, Independence, LA, 70443 generates $2,783/mo in rent and, after a $2,188/mo payment, leaves $14/mo in cash flow. Total monthly income is $2,783/mo, and annual cash flow is $167/yr on $148,181 invested. Return on cash invested sits at 20.02% in year one, and rental yield is 7.47% on a $447,000 entry. Equity gained on principal adds $2,884/yr, while 5% annual appreciation builds toward $123,498 over five years. Five-year ROI reaches 103.45% and total cumulative return in cash sums $153,288. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,783/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
2.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70443, Independence, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,058 (100%) |
| Owner Occupied HU | 3,407 (67.4%) |
| Renter Occupied HU | 1,040 (20.6%) |
| Vacant Housing Units | 611 (12.1%) |
| Median Home Value | $207,500 |
| Average Home Value | $238,147 |
Housing Distribution
Address Breakdown
Residential
3,869
Single Family
3,869
Multi-Family
0
Businesses
123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lorraine Reed • Simply Real Estate LLC
Mls Name: GSREIN
Mls ID: #2524522