219 Corso St NWashingtonLA70589
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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 Washington at 219 Corso St N, Washington, LA, 70589 priced at $225,000 pairs $1,711/mo rent with $318/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,711/mo, and annual cash flow comes to $3,810/yr on $74,588 invested. Return on cash invested is 25.02% in year one, and rental yield stands at 9.13% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 130.26% and total cumulative return in cash reaches $97,161. For financing, Ziffy Mortgage’s DSCR program evaluates $1,711/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70589, Washington, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,710 (100%) |
| Owner Occupied HU | 1,152 (67.4%) |
| Renter Occupied HU | 304 (17.8%) |
| Vacant Housing Units | 254 (14.9%) |
| Median Home Value | $165,446 |
| Average Home Value | $308,236 |
Housing Distribution
Address Breakdown
Residential
1,234
Single Family
1,234
Multi-Family
0
Businesses
67
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Listed by: Shanta Johnson • Real Broker, LLC
Mls Name: RAA
Mls ID: #2500002142