56 W B 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 56 W B St, Norco, LA, 70079 offers a 9.31% rental yield on a $156,000 purchase with $1,210/mo rent. Total monthly income registers $1,210/mo, and a $764/mo payment leaves $243/mo available for distribution. Annual cash flow reaches $2,918/yr on $51,714 to close, and return on cash invested stands at 25.55% in year one. Equity gained on principal adds $1,007/yr while 5% annual appreciation supports $43,100 over five years. Portfolio math shows five-year ROI at 133.21% and total cumulative return in cash at $68,886. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,210/mo property income against a $764/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
8,282 sqft 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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Listed by: Tess Diggs • KELLER WILLIAMS REALTY 504-207-2007
Mls Name: GSREIN
Mls Provider:
Mls ID: #2470603
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