629 Citrus StSlidellLA70460
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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 Slidell at 629 Citrus St, Slidell, LA, 70460 uses $45,349 cash to close to unlock $8,887/yr annual cash flow and $741/mo monthly cash flow. Total monthly income runs $1,655/mo, and a $670/mo payment keeps the spread at $741/mo. Purchase price stands at $136,800, and rental yield measures 14.52% with $1,655/mo rent. Return on cash invested shows 39.51% in year one, and 5% annual appreciation builds toward $37,795 over five years. Five-year ROI reaches 208.62% and total cumulative return in cash records $94,610. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,655/mo property income covering a $670/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70460, Slidell, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,824 (100%) |
| Owner Occupied HU | 6,870 (69.9%) |
| Renter Occupied HU | 2,314 (23.6%) |
| Vacant Housing Units | 640 ( 6.5%) |
| Median Home Value | $215,235 |
| Average Home Value | $269,710 |
Housing Distribution
Address Breakdown
Residential
9,301
Single Family
8,744
Multi-Family
557
Businesses
527
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