2147 French StVille PlatteLA70586
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ville Platte at 2147 French St, Ville Platte, LA, 70586 offers $2,215/mo rent that, after a $1,786/mo payment. Total monthly income is $2,215/mo. Return on cash invested measures 19.46% in year one, and rental yield stands at 7.28% at a $365,000 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,843 by year five. Five-year ROI records 100.45% and total cumulative return in cash reaches $121,543. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,215/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70586, Ville Platte, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,614 (100%) |
| Owner Occupied HU | 5,749 (59.8%) |
| Renter Occupied HU | 2,652 (27.6%) |
| Vacant Housing Units | 1,213 (12.6%) |
| Median Home Value | $154,012 |
| Average Home Value | $178,620 |
Housing Distribution
Address Breakdown
Residential
8,427
Single Family
8,052
Multi-Family
375
Businesses
659
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Listed by: Lana Soileau • Real Broker, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24005755
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