73197 Slice StAbita 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 73197 Slice St, Abita Springs, LA, 70420 uses $44,421 cash to close to unlock $2,470/yr annual cash flow and $206/mo monthly cash flow. Total monthly income runs $1,036/mo, and a $656/mo payment keeps the spread at $206/mo. Purchase price stands at $134,000, and rental yield measures 9.28% with $1,036/mo rent. Return on cash invested shows 25.47% in year one, and 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 132.69% and total cumulative return in cash records $58,943. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,036/mo property income covering a $656/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.47 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: Christopher Leniek • Gulf Coast Realty LLC
Mls Name: GSREIN
Mls ID: #2530464