114 Spring Cypress 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 114 Spring Cypress Dr, Broussard, LA, 70518 priced at $315,000 converts $2,555/mo rent into $604/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,555/mo, and annual cash flow totals $7,242/yr on $104,423 invested. Return on cash invested prints 26.84% in year one, and rental yield reads 9.73% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 140.06% and total cumulative return in cash sums $146,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,555/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 2014
5,662 sqft 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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