1020 Bayouside DrParksLA70582
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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 Parks at 1020 Bayouside Dr, Parks, LA, 70582 offers a 7.89% rental yield on a $259,999 purchase with $1,710/mo rent. Total monthly income registers $1,710/mo, and a $1,273/mo payment leaves $91/mo available for distribution. Annual cash flow reaches $1,088/yr on $86,190 to close, and return on cash invested stands at 21.17% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 109.68% and total cumulative return in cash at $94,529. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,710/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70582, Saint Martinville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,657 (100%) |
| Owner Occupied HU | 5,743 (66.3%) |
| Renter Occupied HU | 1,694 (19.6%) |
| Vacant Housing Units | 1,220 (14.1%) |
| Median Home Value | $163,390 |
| Average Home Value | $186,978 |
Housing Distribution
Address Breakdown
Residential
7,825
Single Family
7,703
Multi-Family
122
Businesses
398
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Listed by: Tesha R Duhon • Strada Realty
Mls Name: RAA
Mls Provider:
Mls ID: #24006739
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