16229 E Ridgewood DrPrairievilleLA70769
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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 Prairieville at 16229 E Ridgewood Dr, Prairieville, LA, 70769 offers a 8.61% rental yield on a $225,000 purchase with $1,614/mo rent. Total monthly income registers $1,614/mo, and a $1,101/mo payment leaves $221/mo available for distribution. Annual cash flow reaches $2,646/yr on $74,588 to close, and return on cash invested stands at 23.46% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 121.88% and total cumulative return in cash at $90,909. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,614/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70769, Prairieville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,602 (100%) |
| Owner Occupied HU | 15,284 (82.2%) |
| Renter Occupied HU | 2,278 (12.2%) |
| Vacant Housing Units | 1,040 ( 5.6%) |
| Median Home Value | $328,278 |
| Average Home Value | $357,952 |
Housing Distribution
Address Breakdown
Residential
18,162
Single Family
17,857
Multi-Family
305
Businesses
1,131
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Listed by: Shane Robertson • CENTURY 21 Bessette Flavin
Mls Name: ROAM MLS
Mls ID: #2025020412