2242 Highway 606Saint JosephLA71366
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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 Joseph at 2242 Highway 606, Saint Joseph, LA, 71366 listed at $565,000 pairs $1,476/mo rent with a $2,765/mo payment. Total monthly income runs $1,476/mo. Return on cash invested measures 7% in year one, and rental yield registers 3.13% at a $565,000 basis. Equity gained on principal adds $3,646/yr, and annual property appreciation at 5% supports $156,099 by year five. Five-year ROI tracks 33.58% and total cumulative return in cash totals $62,427. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,476/mo property income relative to a $2,765/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71366, Saint Joseph, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,017 (100%) |
| Owner Occupied HU | 496 (48.8%) |
| Renter Occupied HU | 182 (17.9%) |
| Vacant Housing Units | 339 (33.3%) |
| Median Home Value | $83,429 |
| Average Home Value | $144,073 |
Housing Distribution
Address Breakdown
Residential
601
Single Family
601
Multi-Family
0
Businesses
105
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Listed by: Jane M. Netterville • Jane Netterville Broker & Associates
Mls Name: My State MLS
Mls ID: #11585432