1039 S Parks Drive 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
Rental property for sale in Parks at 1039 S Parks Drive Dr, Parks, LA, 70582 generates $2,201/mo in rent and, after a $1,273/mo payment, leaves $590/mo in cash flow. Total monthly income is $2,201/mo, and annual cash flow is $7,080/yr on $86,190 invested. Return on cash invested sits at 28.12% in year one, and rental yield is 10.16% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 146.89% and total cumulative return in cash sums $126,605. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,201/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
0.79 Acres lot
$N/A/sqft
No 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: Tova Stelly • Garber-Seaux Real Estate LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24007319
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