55315 Highway 51 NIndependenceLA70443
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
Investment property for sale in Independence at 55315 Highway 51 N, Independence, LA, 70443 uses $49,692 cash to close to unlock $5,666/yr annual cash flow and $472/mo monthly cash flow. Total monthly income runs $1,401/mo, and a $734/mo payment keeps the spread at $472/mo. Purchase price stands at $149,900, and rental yield measures 11.22% with $1,401/mo rent. Return on cash invested shows 31.31% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 164.09% and total cumulative return in cash records $81,539. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,401/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1961
2.75 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: Cody Currier • 1 Percent Lists
Mls Name: GSREIN
Mls ID: #2534581