73163 Teal RdAbita 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 73163 Teal Rd, Abita Springs, LA, 70420 uses $119,009 cash to close to unlock $9,592/yr annual cash flow and $799/mo monthly cash flow. Total monthly income runs $3,023/mo, and a $1,757/mo payment keeps the spread at $799/mo. Purchase price stands at $359,000, and rental yield measures 10.1% with $3,023/mo rent. Return on cash invested shows 27.97% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 146.09% and total cumulative return in cash records $173,863. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,023/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Single Family
Built in 2019
0.31 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: Laura Province • 1 Percent Lists Gulf South
Mls Name: GSREIN
Mls ID: #2538722