1002 The Lake DrBroussardLA70518
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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
Investment property for sale in Broussard at 1002 The Lake Dr, Broussard, LA, 70518 listed at $1,200,000 pairs $5,456/mo rent with a $5,873/mo payment. Total monthly income runs $5,456/mo. Return on cash invested measures 14.27% in year one, and rental yield registers 5.46% at a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and annual property appreciation at 5% supports $331,538 by year five. Five-year ROI tracks 72.5% and total cumulative return in cash totals $281,867. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,456/mo property income relative to a $5,873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2017
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70518, Broussard, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,416 (100%) |
| Owner Occupied HU | 5,481 (73.9%) |
| Renter Occupied HU | 1,225 (16.5%) |
| Vacant Housing Units | 710 ( 9.6%) |
| Median Home Value | $283,930 |
| Average Home Value | $307,325 |
Housing Distribution
Address Breakdown
Residential
7,313
Single Family
6,652
Multi-Family
661
Businesses
1,354
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