Zip Code 70403 — Hammond, LA
🟡MODERATE— average returnsF
Poor
Negative cash flow likely · Score: 28/100
Cap Rate
4.0%
Monthly Cash Flow
-$445
Median Home Price
$227,915
DSCR
0.63
Fair Market Rents
- Studio
- $850/mo
- 1 Bedroom
- $860/mo
- 2 Bedroom
- $1,090/mo
- 3 Bedroom
- $1,330/mo
- 4 Bedroom
- $1,480/mo
Investment Metrics
- Cap Rate
- 4.0%
- Cash-on-Cash Return
- -10.2%
- Price-to-Rent Ratio
- 14.3
- 1% Rule
- 0.58%
- Gross Rent Multiplier
- 14.3
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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