1511 Edwin StRayneLA70578
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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
Investment property for sale in Rayne at 1511 Edwin St, Rayne, LA, 70578 uses $49,725 cash to close to unlock $2,664/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,151/mo, and a $734/mo payment keeps the spread at $222/mo. Purchase price stands at $150,000, and rental yield measures 9.21% with $1,151/mo rent. Return on cash invested shows 25.27% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 131.56% and total cumulative return in cash records $65,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,151/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70578, Rayne, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,020 (100%) |
| Owner Occupied HU | 4,552 (64.8%) |
| Renter Occupied HU | 1,753 (25.0%) |
| Vacant Housing Units | 715 (10.2%) |
| Median Home Value | $187,805 |
| Average Home Value | $207,462 |
Housing Distribution
Address Breakdown
Residential
7,159
Single Family
7,044
Multi-Family
115
Businesses
448
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