1240 Mississippi StDonaldsonvilleLA70346
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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 Donaldsonville at 1240 Mississippi St, Donaldsonville, LA, 70346 generates $778/mo in rent, after a $1,762/mo payment. Total monthly income is $778/mo. Return on cash invested sits at 5.31% in year one, and rental yield is 2.59% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 24.57% and total cumulative return in cash sums $29,318. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $778/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70346, Donaldsonville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,802 (100%) |
| Owner Occupied HU | 2,698 (56.2%) |
| Renter Occupied HU | 1,422 (29.6%) |
| Vacant Housing Units | 682 (14.2%) |
| Median Home Value | $173,256 |
| Average Home Value | $207,229 |
Housing Distribution
Address Breakdown
Residential
4,056
Single Family
3,924
Multi-Family
132
Businesses
401
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Nearby investment properties with comparable prices
Listed by: Brandon Katz • LV and Associates Real Estate Firm
Mls Name: ROAM MLS
Mls ID: #2025020458