740 1st AveHarveyLA70058
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 740 1st Ave, Harvey, LA, 70058 priced at $226,900 converts $2,040/mo rent into $634/mo cash flow after a $1,111/mo obligation. Total monthly income equals $2,040/mo, and annual cash flow totals $7,608/yr on $75,217 invested. Return on cash invested prints 30.02% in year one, and rental yield reads 10.79% against a $226,900 entry. Equity gained on principal adds $1,464/yr, while 5% annual appreciation compiles into $62,688 by year five. Five-year ROI reaches 157.15% and total cumulative return in cash sums $118,205. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,111/mo payment, not borrower’s personal income.
Single Family
Built in 2024
4,000 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: Kristen Young-Boyd • Boyd Realtors, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2472695
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