Cognac V A Plan, Coburn LakesHammondLA70403
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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 Hammond at Cognac V A Plan, Coburn Lakes, Hammond, LA, 70403 offers $1,938/mo rent that, after a $1,400/mo payment, leaves $166/mo cash flow. Total monthly income is $1,938/mo, and annual cash flow is $1,995/yr on $94,806 cash. Return on cash invested measures 22.01% in year one, and rental yield stands at 8.13% at a $285,990 entry. Equity gained on principal adds $1,845/yr while 5% annual appreciation compounds into $79,014 by year five. Five-year ROI records 114.18% and total cumulative return in cash reaches $108,245. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,938/mo property income versus a $1,400/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
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 |
Housing Distribution
Address Breakdown
Residential
13,598
Single Family
12,795
Multi-Family
803
Businesses
1,099
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