117 Mallet Cove LoopEuniceLA70535
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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 Eunice at 117 Mallet Cove Loop, Eunice, LA, 70535 priced at $159,900 pairs $1,160/mo rent with $169/mo cash flow after a $783/mo payment. Total monthly income equals $1,160/mo, and annual cash flow comes to $2,030/yr on $53,007 invested. Return on cash invested is 23.74% in year one, and rental yield stands at 8.71% on a $159,900 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,177 by year five. Five-year ROI measures 123.48% and total cumulative return in cash reaches $65,454. For financing, Ziffy Mortgage’s DSCR program evaluates $1,160/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70535, Eunice, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,552 (100%) |
| Owner Occupied HU | 4,454 (59.0%) |
| Renter Occupied HU | 2,202 (29.2%) |
| Vacant Housing Units | 896 (11.9%) |
| Median Home Value | $185,659 |
| Average Home Value | $235,602 |
Housing Distribution
Address Breakdown
Residential
7,759
Single Family
7,502
Multi-Family
257
Businesses
782
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