205 N Cunningham StRayneLA70578
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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 Rayne at 205 N Cunningham St, Rayne, LA, 70578 offers a 10.28% rental yield on a $185,600 purchase with $1,590/mo rent. Total monthly income registers $1,590/mo, and a $908/mo payment leaves $441/mo available for distribution. Annual cash flow reaches $5,289/yr on $61,526 to close, and return on cash invested stands at 28.5% in year one. Equity gained on principal adds $1,198/yr while 5% annual appreciation supports $51,278 over five years. Portfolio math shows five-year ROI at 148.97% and total cumulative return in cash at $91,655. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,590/mo property income against a $908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70578, Rayne, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,020 (100%) |
| Owner Occupied HU | 4,552 (64.8%) |
| Renter Occupied HU | 1,753 (25.0%) |
| Vacant Housing Units | 715 (10.2%) |
| Median Home Value | $187,805 |
| Average Home Value | $207,462 |
Housing Distribution
Address Breakdown
Residential
7,159
Single Family
7,044
Multi-Family
115
Businesses
448
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