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$355,000

Sold
42401 Salt Grass Dr, Ponchatoula, LA 70454
4 Beds
2 Baths
2,750 Square Feet
0.00 Acres Lot
Built in 2020
Sold
Units n/a
Checked: 13 hours ago
Updated: Jul 29, 2025 at 04:41AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$94
Cap Rate
6.0%
Cash-on-Cash Return
1.4%
Debt Coverage Ratio
1.06
Internal Rate of Return (5 years)
5.3%

Property Description


0.00 Acres Lot
Built in 2020
Sold
Units n/a

BETTER THAN NEW! SO MUCH SPACE in this gorgeous 3yrs young DLSD build in The Estates At Silver Hill. Beautifully landscaped with garden fountain. Generous foyer welcomes you into the expansive living room with feature gas fireplace. Arched entryways and stunning wood-look tile floors in throughout main living. True chef's kitchen with endless granite counters and prep space including massive center island, SS appliances including gas range, and walk-in pantry. Fantastic formal dining with keeping room that could be used as playroom/office/den. Split floor plan home. Primary bedroom filled with natural light. Ensuite features split dual vanities, soaking tub and separate, walk-in shower, with generous closet. Secondary bedrooms are oversized. Guest bathroom has dual vanities and linen tower, with private tub/shower & toilet separate from sinks. Laundry room of your dreams with mud bench, storage cabinets, and built in folding table. Ample storage closets throughout. Backyard oasis includes HUGE 32x20ft covered, screened patio with outdoor tv and 2 ceiling fans. Fully fenced yard that backs to greenspace. 12x12 Shed/Workshop has electricity. Tankless water heater. Whole Home Generator. Irrigation system. Flood X! A MUST SEE! Make it yours today! *Back on the market after purchaser's financing fell through*

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Location


Property Details


Parking

  • Description: Attached, Garage, TwoSpaces, GarageDoorOpener
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • HOA Fee: $240/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 6548004
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2020

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Tangipahoa Parish

Listing Details


Listed by:
Ashley Callahan
1 Percent Lists
(985) 705-5160

Source:
Gulf South Real Estate Information Network
MLS#: 2436509
Gulf South Real Estate Information Network

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$94
Cap Rate
6.0%
Cash-on-Cash Return
1.4%
Debt Coverage Ratio
1.06
Internal Rate of Return (5 years)
5.3%

Purchase Details

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Purchase price:
$355,000
Amount financed:
-$284,000
Down payment:
$71,000
Closing costs:
$10,650
Rehab costs:
$0
Initial cash invested:
$81,650
Square feet:
2,750
Cost per square foot:
$129
Monthly rent per square foot:
$0.95

Financing Details

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Loan amount:
$284,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,680
Property tax:
$0
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,862

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (1%)
1%-$20-$240
Total operating expenses: (26%)
26%-$670-$8,040

Cash Flow


Monthly Yearly
Net operating income:
$1,774 $21,288
Mortgage payments:
-$1,680 -$20,160
Cash flow:
$94 $1,128