206 Saint Philip StRacelandLA70394
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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 Raceland at 206 Saint Philip St, Raceland, LA, 70394 priced at $140,000 converts $1,063/mo rent into $196/mo cash flow after a $685/mo obligation. Total monthly income equals $1,063/mo, and annual cash flow totals $2,352/yr on $46,410 invested. Return on cash invested prints 24.98% in year one, and rental yield reads 9.11% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 130.03% and total cumulative return in cash sums $60,346. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,063/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1995
5,227 sqft 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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