53144 S Bennett RdIndependenceLA70443
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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 Independence at 53144 S Bennett Rd, Independence, LA, 70443 offers a 8.59% rental yield on a $184,500 purchase with $1,320/mo rent. Total monthly income registers $1,320/mo, and a $903/mo payment leaves $177/mo available for distribution. Annual cash flow reaches $2,126/yr on $61,162 to close, and return on cash invested stands at 23.38% in year one. Equity gained on principal adds $1,191/yr while 5% annual appreciation supports $50,974 over five years. Portfolio math shows five-year ROI at 121.57% and total cumulative return in cash at $74,354. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,320/mo property income against a $903/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
2.27 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
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Listed by: Lorraine Reed • Simply Real Estate LLC
Mls Name: GSREIN
Mls ID: #2520417