635 Pailet AveHarveyLA70058
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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
Rental property for sale in Harvey at 635 Pailet Ave, Harvey, LA, 70058 priced at $129,000 converts $993/mo rent into $194/mo cash flow after a $631/mo obligation. Total monthly income equals $993/mo, and annual cash flow totals $2,332/yr on $42,764 invested. Return on cash invested prints 25.36% in year one, and rental yield reads 9.24% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 132.17% and total cumulative return in cash sums $56,521. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $993/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in 1945
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70058, Harvey, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,473 (100%) |
| Owner Occupied HU | 9,525 (57.8%) |
| Renter Occupied HU | 5,841 (35.5%) |
| Vacant Housing Units | 1,107 ( 6.7%) |
| Median Home Value | $222,383 |
| Average Home Value | $280,517 |
Housing Distribution
Address Breakdown
Residential
15,748
Single Family
13,458
Multi-Family
2,290
Businesses
1,396
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Listed by: Robert Wolfe • Robert Wolfe Real Estate, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2493696
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.