223 Sugar StMathewsLA70375
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 Mathews at 223 Sugar St, Mathews, LA, 70375 offers $1,110/mo rent that, after a $685/mo payment, leaves $243/mo cash flow. Total monthly income is $1,110/mo, and annual cash flow is $2,918/yr on $46,377 cash. Return on cash invested measures 26.2% in year one, and rental yield stands at 9.52% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 136.7% and total cumulative return in cash reaches $63,399. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,110/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70375, Mathews, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 100 (100%) |
| Owner Occupied HU | 68 (68.0%) |
| Renter Occupied HU | 11 (11.0%) |
| Vacant Housing Units | 21 (21.0%) |
| Median Home Value | $193,750 |
| Average Home Value | $235,331 |
Housing Distribution
Address Breakdown
Residential
88
Single Family
88
Multi-Family
0
Businesses
41
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