785 Highway 587Oak GroveLA71263
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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 Oak Grove at 785 Highway 587, Oak Grove, LA, 71263 listed at $382,000 pairs $2,378/mo rent with a $1,870/mo payment to leave $11/mo cash flow. Total monthly income runs $2,378/mo, and annual cash flow reaches $137/yr on $126,633 cash to close. Return on cash invested measures 20.02% in year one, and rental yield registers 7.47% at a $382,000 basis. Equity gained on principal adds $2,465/yr, and annual property appreciation at 5% supports $105,540 by year five. Five-year ROI tracks 103.45% and total cumulative return in cash totals $130,997. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,378/mo property income relative to a $1,870/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1983
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71263, Oak Grove, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 2,393 (67.2%) |
| Renter Occupied HU | 703 (19.8%) |
| Vacant Housing Units | 463 (13.0%) |
| Median Home Value | $115,544 |
| Average Home Value | $142,947 |
Housing Distribution
Address Breakdown
Residential
2,896
Single Family
2,896
Multi-Family
0
Businesses
286
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