823 5th AveHarveyLA70058
Nearby investment properties with comparable rents
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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 Harvey at 823 5th Ave, Harvey, LA, 70058 offers $1,047/mo rent that, after a $656/mo payment, leaves $217/mo cash flow. Total monthly income is $1,047/mo, and annual cash flow is $2,602/yr on $44,421 cash. Return on cash invested measures 25.77% in year one, and rental yield stands at 9.38% at a $134,000 entry. Equity gained on principal adds $865/yr while 5% annual appreciation compounds into $37,022 by year five. Five-year ROI records 134.28% and total cumulative return in cash reaches $59,651. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,047/mo property income versus a $656/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
N/A 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: Troy Tomlinson • Real Estate Network
Mls Name: GSREIN
Mls Provider:
Mls ID: #2471774
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