200 Elvira DrRacelandLA70394
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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 Raceland at 200 Elvira Dr, Raceland, LA, 70394 with 5% annual appreciation on a $375,000 basis while $2,156/mo rent supports operations. 3% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 6.9%. Five-year ROI measures 94.24% and total cumulative return in cash totals $117,147. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,156/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1992
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70394, Raceland, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,733 (100%) |
| Owner Occupied HU | 4,227 (73.7%) |
| Renter Occupied HU | 1,033 (18.0%) |
| Vacant Housing Units | 473 ( 8.3%) |
| Median Home Value | $208,782 |
| Average Home Value | $238,542 |
Housing Distribution
Address Breakdown
Residential
5,355
Single Family
5,343
Multi-Family
12
Businesses
263
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