108 Wise StPattersonLA70392
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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 Patterson at 108 Wise St, Patterson, LA, 70392 generates $897/mo in rent and, after a $578/mo payment, leaves $166/mo in cash flow. Total monthly income is $897/mo, and annual cash flow is $1,987/yr on $39,117 invested. Return on cash invested sits at 24.99% in year one, and rental yield is 9.12% on a $118,000 entry. Equity gained on principal adds $761/yr, while 5% annual appreciation builds toward $32,601 over five years. Five-year ROI reaches 130.14% and total cumulative return in cash sums $50,907. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $897/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70392, Patterson, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,602 (100%) |
| Owner Occupied HU | 2,219 (61.6%) |
| Renter Occupied HU | 958 (26.6%) |
| Vacant Housing Units | 425 (11.8%) |
| Median Home Value | $155,885 |
| Average Home Value | $217,986 |
Housing Distribution
Address Breakdown
Residential
2,577
Single Family
2,569
Multi-Family
8
Businesses
202
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