210 Wilson 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 210 Wilson St, Raceland, LA, 70394 offers $1,128/mo rent that, after a $715/mo payment, leaves $223/mo cash flow. Total monthly income is $1,128/mo, and annual cash flow is $2,678/yr on $48,399 cash. Return on cash invested measures 25.44% in year one, and rental yield stands at 9.27% at a $146,000 entry. Equity gained on principal adds $942/yr while 5% annual appreciation compounds into $40,337 by year five. Five-year ROI records 132.59% and total cumulative return in cash reaches $64,174. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,128/mo property income versus a $715/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
6,500 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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