218 N Pinaud StSaint 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
Investment property for sale in Saint Martinville at 218 N Pinaud St, Saint Martinville, LA, 70582 offers a 8.41% rental yield on a $260,000 purchase with $1,822/mo rent. Total monthly income registers $1,822/mo, and a $1,273/mo payment leaves $211/mo available for distribution. Annual cash flow reaches $2,532/yr on $86,190 to close, and return on cash invested stands at 22.85% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 118.6% and total cumulative return in cash at $102,221. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,822/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.88 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: Rosalind Thibodeaux • Thibodeaux Reed Realty, LLC
Mls Name: RAA
Mls ID: #2500007003