123 Lake Ridge DrBroussardLA70518
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
Investment property for sale in Broussard at 123 Lake Ridge Dr, Broussard, LA, 70518 at $254,500 posts ROI 20.92% with $71/mo cash flow from $1,712/mo rent. Total monthly income equals $1,712/mo, and annual cash flow records $852/yr on $84,367 to close. Return on cash invested measures 20.92% and rental yield reads 8.07% at the current $254,500. Equity gained on principal adds $1,642/yr, and 5% annual appreciation supports $70,314 by year five. Five-year ROI prints 108.59% and total cumulative return in cash totals $91,615.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,712/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
5,662 sqft lot
$N/A/sqft
$770 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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Nearby investment properties with comparable prices
Listed by: Cassidy Kondert • D.R. Horton Realty of LA, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #2020023198
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 2025-04-28 11:42:30 PDT