5988 Highway 3015Grand CaneLA71032
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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 Grand Cane at 5988 Highway 3015, Grand Cane, LA, 71032 offers a 7.13% rental yield on a $1,000,000 purchase with $5,945/mo rent. 15% in year one. Equity gained on principal adds $6,453/yr while 5% annual appreciation supports $276,282 over five years. Portfolio math shows five-year ROI at 98.73% and total cumulative return in cash at $324,808. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,945/mo property income against a $4,895/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71032, Grand Cane, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,034 (100%) |
| Owner Occupied HU | 733 (70.9%) |
| Renter Occupied HU | 147 (14.2%) |
| Vacant Housing Units | 154 (14.9%) |
| Median Home Value | $205,159 |
| Average Home Value | $238,223 |
Housing Distribution
Address Breakdown
Residential
913
Single Family
913
Multi-Family
0
Businesses
67
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Listed by: Cala Woodle • Pelican Realty Advisors
Mls Name: NTREIS
Mls ID: #21011892