16355 Somersby AveBaton RougeLA70817
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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 Baton Rouge at 16355 Somersby Ave, Baton Rouge, LA, 70817 uses $90,168 cash to close to unlock $7,073/yr annual cash flow and $589/mo monthly cash flow. Total monthly income runs $2,274/mo, and a $1,331/mo payment keeps the spread at $589/mo. Purchase price stands at $272,000, and rental yield measures 10.03% with $2,274/mo rent. Return on cash invested shows 27.75% in year one, and 5% annual appreciation builds toward $75,149 over five years. Five-year ROI reaches 144.93% and total cumulative return in cash records $130,685. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,274/mo property income covering a $1,331/mo payment rather than investor’s personal income.
Single Family
Built in 2003
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70817, Baton Rouge, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,335 (100%) |
| Owner Occupied HU | 11,804 (72.3%) |
| Renter Occupied HU | 3,307 (20.2%) |
| Vacant Housing Units | 1,224 ( 7.5%) |
| Median Home Value | $313,257 |
| Average Home Value | $357,101 |
Housing Distribution
Address Breakdown
Residential
16,033
Single Family
13,991
Multi-Family
2,042
Businesses
818
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Listed by: Clayton Relle • RE/MAX Select
Mls Name: GSREIN
Mls Provider:
Mls ID: #2475805
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