Canova V A Plan, Coburn Lakes, Hammond, LA, 70403 | $926/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Hammond at Canova V A Plan, Coburn Lakes, Hammond, LA, 70403 offers $2,722/mo rent that, after a $1,419/mo payment, leaves $926/mo cash flow. Total monthly income is $2,722/mo, and annual cash flow is $11,112/yr on $96,132 cash. Return on cash invested measures 31.47% in year one, and rental yield stands at 11.26% at a $289,990 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,119 by year five. Five-year ROI records 164.89% and total cumulative return in cash reaches $158,509. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,722/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2026

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70403, Hammond, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,272 (100%)
Owner Occupied HU	7,937 (55.6%)
Renter Occupied HU	4,834 (33.9%)
Vacant Housing Units	1,501 (10.5%)
Median Home Value	$238,630
Average Home Value	$244,778