1621 W Main StVille PlatteLA70586
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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 Ville Platte at 1621 W Main St, Ville Platte, LA, 70586 generates $1,214/mo in rent and, after a $808/mo payment, leaves $192/mo in cash flow. Total monthly income is $1,214/mo, and annual cash flow is $2,298/yr on $54,698 invested. Return on cash invested sits at 24.11% in year one, and rental yield is 8.83% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 125.4% and total cumulative return in cash sums $68,591. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,214/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70586, Ville Platte, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,614 (100%) |
| Owner Occupied HU | 5,749 (59.8%) |
| Renter Occupied HU | 2,652 (27.6%) |
| Vacant Housing Units | 1,213 (12.6%) |
| Median Home Value | $154,012 |
| Average Home Value | $178,620 |
Housing Distribution
Address Breakdown
Residential
8,427
Single Family
8,052
Multi-Family
375
Businesses
659
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Listed by: Krista Vidrine • Sold Realty, LLC
Mls Name: RAA
Mls ID: #2500003634