113 Park AveBoutteLA70039
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Boutte at 113 Park Ave, Boutte, LA, 70039 priced at $185,000 pairs $1,578/mo rent with $433/mo cash flow after a $905/mo payment. Total monthly income equals $1,578/mo, and annual cash flow comes to $5,190/yr on $61,328 invested. Return on cash invested is 28.37% in year one, and rental yield stands at 10.24% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 148.26% and total cumulative return in cash reaches $90,927. For financing, Ziffy Mortgage’s DSCR program evaluates $1,578/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1943
9,226 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70039, Boutte, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,171 (100%) |
| Owner Occupied HU | 751 (64.1%) |
| Renter Occupied HU | 335 (28.6%) |
| Vacant Housing Units | 85 ( 7.3%) |
| Median Home Value | $286,111 |
| Average Home Value | $291,365 |
Housing Distribution
Address Breakdown
Residential
785
Single Family
785
Multi-Family
0
Businesses
140
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