546 S 3rd StIotaLA70543
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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 Iota at 546 S 3rd St, Iota, LA, 70543 listed at $170,000 pairs $1,310/mo rent with a $832/mo payment to leave $257/mo cash flow. Total monthly income runs $1,310/mo, and annual cash flow reaches $3,084/yr on $56,355 cash to close. Return on cash invested measures 25.38% in year one, and rental yield registers 9.25% at a $170,000 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 132.16% and total cumulative return in cash totals $74,481. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,310/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70543, Iota, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,640 (100%) |
| Owner Occupied HU | 1,141 (69.6%) |
| Renter Occupied HU | 352 (21.5%) |
| Vacant Housing Units | 147 ( 9.0%) |
| Median Home Value | $224,182 |
| Average Home Value | $236,356 |
Housing Distribution
Address Breakdown
Residential
1,410
Single Family
1,410
Multi-Family
0
Businesses
64
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Listed by: Tyler Neal • Keller Williams Realty Lake Ch
Mls Name: Greater Southern MLS
Mls ID: #SWL25002717
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.