200 Sparrowhawk StBroussardLA70518
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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 Broussard at 200 Sparrowhawk St, Broussard, LA, 70518 generates $2,453/mo in rent and, after a $1,248/mo payment, leaves $775/mo in cash flow. Total monthly income is $2,453/mo, and annual cash flow is $9,304/yr on $84,533 invested. Return on cash invested sits at 30.91% in year one, and rental yield is 11.54% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 162.42% and total cumulative return in cash sums $137,300. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,453/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
6,359 sqft lot
$N/A/sqft
$125 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70518, Broussard, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,416 (100%) |
| Owner Occupied HU | 5,481 (73.9%) |
| Renter Occupied HU | 1,225 (16.5%) |
| Vacant Housing Units | 710 ( 9.6%) |
| Median Home Value | $283,930 |
| Average Home Value | $307,325 |
Housing Distribution
Address Breakdown
Residential
7,313
Single Family
6,652
Multi-Family
661
Businesses
1,354
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Listed by: Guy Migues • Andries Migues Realty, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24008648
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2024-02-12 10:51:22 PST