113 Meadow Walk DrBroussardLA70518
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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 113 Meadow Walk Dr, Broussard, LA, 70518 priced at $356,850 converts $2,160/mo rent into after a $1,747/mo obligation. Total monthly income equals $2,160/mo. Return on cash invested prints 19.14% in year one, and rental yield reads 7.26% against a $356,850 entry. Equity gained on principal adds $2,303/yr, while 5% annual appreciation compiles into $98,591 by year five. Five-year ROI reaches 98.86% and total cumulative return in cash sums $116,944. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,747/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,699 sqft lot
$N/A/sqft
$300 annually 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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Listed by: Kirk Schexnaider • Latter & Blum Compass
Mls Name: RAA
Mls Provider:
Mls ID: #24007856
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