607 Chestnut StIowaLA70647
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 Iowa at 607 Chestnut St, Iowa, LA, 70647 offers $2,424/mo rent that, after a $1,456/mo payment, leaves $581/mo cash flow. Total monthly income is $2,424/mo, and annual cash flow is $6,975/yr on $98,621 cash. Return on cash invested measures 26.98% in year one, and rental yield stands at 9.78% at a $297,500 entry. Equity gained on principal adds $1,920/yr while 5% annual appreciation compounds into $82,194 by year five. Five-year ROI records 140.82% and total cumulative return in cash reaches $138,883. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,424/mo property income versus a $1,456/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70647, Iowa, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,224 (100%) |
| Owner Occupied HU | 3,758 (71.9%) |
| Renter Occupied HU | 1,004 (19.2%) |
| Vacant Housing Units | 462 ( 8.8%) |
| Median Home Value | $250,967 |
| Average Home Value | $270,254 |
Housing Distribution
Address Breakdown
Residential
4,558
Single Family
4,553
Multi-Family
5
Businesses
143
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