71164 Clipper PlAbita SpringsLA70420
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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 Abita Springs at 71164 Clipper Pl, Abita Springs, LA, 70420 listed at $245,000 pairs $1,709/mo rent with a $1,199/mo payment to leave $192/mo cash flow. Total monthly income runs $1,709/mo, and annual cash flow reaches $2,298/yr on $81,218 cash to close. Return on cash invested measures 22.74% in year one, and rental yield registers 8.37% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 118.05% and total cumulative return in cash totals $95,880. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,709/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70420, Abita Springs, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,877 (100%) |
| Owner Occupied HU | 3,080 (79.4%) |
| Renter Occupied HU | 516 (13.3%) |
| Vacant Housing Units | 281 ( 7.2%) |
| Median Home Value | $297,663 |
| Average Home Value | $327,292 |
Housing Distribution
Address Breakdown
Residential
3,449
Single Family
3,369
Multi-Family
80
Businesses
268
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Listed by: Lisa Nunez • Homesmart Realty South
Mls Name: GSREIN
Mls Provider:
Mls ID: #2502570
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.