627-633 Farris Dr, Hammond, LA, 70403 | 3.39% Rental Yield

For Sale

Currently Rented

Rental Income

Listed for sale 3 days ago

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

Total monthly income runs $1,058/mo, and a $1,835/mo payment. Purchase price stands at $375,000, and rental yield measures 3.39% with $1,058/mo rent. Return on cash invested shows 7.7% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 37.4% and total cumulative return in cash records $46,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,058/mo property income covering a $1,835/mo payment rather than investor’s personal income.

Condo

Built in 2010

0.34 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70403, Hammond, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,272 (100%)
Owner Occupied HU	7,937 (55.6%)
Renter Occupied HU	4,834 (33.9%)
Vacant Housing Units	1,501 (10.5%)
Median Home Value	$238,630
Average Home Value	$244,778