569 W 3rd StIndependenceLA70443
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 569 W 3rd St, Independence, LA, 70443 offers $1,089/mo rent that, after a $683/mo payment, leaves $225/mo cash flow. Total monthly income is $1,089/mo, and annual cash flow is $2,696/yr on $46,244 cash. Return on cash invested measures 25.74% in year one, and rental yield stands at 9.37% at a $139,500 entry. Equity gained on principal adds $900/yr while 5% annual appreciation compounds into $38,541 by year five. Five-year ROI records 134.15% and total cumulative return in cash reaches $62,037. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,089/mo property income versus a $683/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.35 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: TamraSue Marler • Community RealEstate LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2476043
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