110 Snapping LnBroussardLA70518
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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 Broussard at 110 Snapping Ln, Broussard, LA, 70518 priced at $580,000 converts $3,260/mo rent into after a $2,839/mo obligation. Total monthly income equals $3,260/mo. Return on cash invested prints 17.97% in year one, and rental yield reads 6.74% against a $580,000 entry. Equity gained on principal adds $3,743/yr, while 5% annual appreciation compiles into $160,243 by year five. Five-year ROI reaches 92.38% and total cumulative return in cash sums $176,289. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,260/mo property income covering a $2,839/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.75 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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