62138 Mixon Ln, Amite, LA, 70422 | $306/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Amite at 62138 Mixon Ln, Amite, LA, 70422 generates $1,477/mo in rent and, after a $925/mo payment, leaves $306/mo in cash flow. Total monthly income is $1,477/mo, and annual cash flow is $3,676/yr on $62,654 invested. Return on cash invested sits at 25.78% in year one, and rental yield is 9.38% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 134.37% and total cumulative return in cash sums $84,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,477/mo property income rather than buyer’s personal income.

Single Family

Built in 2001

1 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70422, Amite, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,882 (100%)
Owner Occupied HU	3,812 (64.8%)
Renter Occupied HU	1,264 (21.5%)
Vacant Housing Units	806 (13.7%)
Median Home Value	$193,750
Average Home Value	$232,914