1009 Reggie RdRayneLA70578
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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 Rayne at 1009 Reggie Rd, Rayne, LA, 70578 uses $79,560 cash to close to unlock $516/yr annual cash flow and $43/mo monthly cash flow. Total monthly income runs $1,530/mo, and a $1,175/mo payment keeps the spread at $43/mo. Purchase price stands at $240,000, and rental yield measures 7.65% with $1,530/mo rent. Return on cash invested shows 20.56% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 106.32% and total cumulative return in cash records $84,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,530/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70578, Rayne, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,020 (100%) |
| Owner Occupied HU | 4,552 (64.8%) |
| Renter Occupied HU | 1,753 (25.0%) |
| Vacant Housing Units | 715 (10.2%) |
| Median Home Value | $187,805 |
| Average Home Value | $207,462 |
Housing Distribution
Address Breakdown
Residential
7,159
Single Family
7,044
Multi-Family
115
Businesses
448
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Listed by: Marianne Dupuis • A.L.C. Real Estate
Mls Name: RAA
Mls Provider:
Mls ID: #24008762
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2024-02-12 10:51:22 PST