2241 Myrtle AveBaton RougeLA70806
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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
Total monthly income runs $2,293/mo, and a $2,300/mo payment. Purchase price stands at $470,000, and rental yield measures 5.85% with $2,293/mo rent. Return on cash invested shows 15.15% in year one, and 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 77.3% and total cumulative return in cash records $120,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,293/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Single Family
Built in 1938
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70806, Baton Rouge, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,861 (100%) |
| Owner Occupied HU | 5,561 (37.4%) |
| Renter Occupied HU | 7,320 (49.3%) |
| Vacant Housing Units | 1,980 (13.3%) |
| Median Home Value | $337,531 |
| Average Home Value | $398,844 |
Housing Distribution
Address Breakdown
Residential
14,473
Single Family
9,243
Multi-Family
5,230
Businesses
2,068
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Listed by: Ryn Jones • RE/MAX Professional
Mls Name: ROAM MLS
Mls ID: #2025009051