623 S Andrew StJenningsLA70546
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
Investment property for sale in Jennings at 623 S Andrew St, Jennings, LA, 70546 offers a 9.08% rental yield on a $123,500 purchase with $934/mo rent. Total monthly income registers $934/mo, and a $604/mo payment leaves $169/mo available for distribution. Annual cash flow reaches $2,033/yr on $40,940 to close, and return on cash invested stands at 24.88% in year one. Equity gained on principal adds $797/yr while 5% annual appreciation supports $34,121 over five years. Portfolio math shows five-year ROI at 129.59% and total cumulative return in cash at $53,054. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $934/mo property income against a $604/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70546, Jennings, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,016 (100%) |
| Owner Occupied HU | 4,381 (62.4%) |
| Renter Occupied HU | 1,734 (24.7%) |
| Vacant Housing Units | 901 (12.8%) |
| Median Home Value | $171,972 |
| Average Home Value | $221,734 |
Housing Distribution
Address Breakdown
Residential
6,681
Single Family
6,313
Multi-Family
368
Businesses
751
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