712 S 1st StAmiteLA70422
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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 Amite at 712 S 1st St, Amite, LA, 70422 offers $570/mo rent that, after a $898/mo payment. Total monthly income is $570/mo. Return on cash invested measures 8.73% in year one, and rental yield stands at 3.73% at a $183,500 entry. Equity gained on principal adds $1,184/yr while 5% annual appreciation compounds into $50,698 by year five. Five-year ROI records 42.96% and total cumulative return in cash reaches $26,136. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $570/mo property income versus a $898/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
10,293 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70422, Amite, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,882 (100%) |
| Owner Occupied HU | 3,812 (64.8%) |
| Renter Occupied HU | 1,264 (21.5%) |
| Vacant Housing Units | 806 (13.7%) |
| Median Home Value | $193,750 |
| Average Home Value | $232,914 |
Housing Distribution
Address Breakdown
Residential
5,392
Single Family
5,347
Multi-Family
45
Businesses
587
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Listed by: Brent Drude • CBTEC HAMMOND
Mls Name: GSREIN
Mls Provider:
Mls ID: #2478383
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