206 S Martin Luther King Jr DrSaint MartinvilleLA70582
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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 Saint Martinville at 206 S Martin Luther King Jr Dr, Saint Martinville, LA, 70582 priced at $130,000 pairs $1,049/mo rent with $244/mo cash flow after a $636/mo payment. Total monthly income equals $1,049/mo, and annual cash flow comes to $2,928/yr on $43,095 invested. Return on cash invested is 26.7% in year one, and rental yield stands at 9.68% on a $130,000 basis. Equity gained on principal adds $839/yr, and 5% annual appreciation accumulates to $35,917 by year five. Five-year ROI measures 139.29% and total cumulative return in cash reaches $60,027. For financing, Ziffy Mortgage’s DSCR program evaluates $1,049/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70582, Saint Martinville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,657 (100%) |
| Owner Occupied HU | 5,743 (66.3%) |
| Renter Occupied HU | 1,694 (19.6%) |
| Vacant Housing Units | 1,220 (14.1%) |
| Median Home Value | $163,390 |
| Average Home Value | $186,978 |
Housing Distribution
Address Breakdown
Residential
7,825
Single Family
7,703
Multi-Family
122
Businesses
398
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Listed by: Robert D Beyt • Bob Beyt Properties
Mls Name: RAA
Mls ID: #2500004502