229 Auburn DrCarencroLA70520
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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 Carencro at 229 Auburn Dr, Carencro, LA, 70520 uses $49,559 cash to close to unlock $6,184/yr annual cash flow and $515/mo monthly cash flow. Total monthly income runs $1,454/mo, and a $732/mo payment keeps the spread at $515/mo. Purchase price stands at $149,500, and rental yield measures 11.67% with $1,454/mo rent. Return on cash invested shows 32.39% in year one, and 5% annual appreciation builds toward $41,304 over five years. Five-year ROI reaches 169.94% and total cumulative return in cash records $84,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,454/mo property income covering a $732/mo payment rather than investor’s personal income.
Single Family
Built in N/A
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70520, Carencro, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 6,509 (73.2%) |
| Renter Occupied HU | 1,503 (16.9%) |
| Vacant Housing Units | 884 ( 9.9%) |
| Median Home Value | $236,184 |
| Average Home Value | $289,156 |
Housing Distribution
Address Breakdown
Residential
8,260
Single Family
8,197
Multi-Family
63
Businesses
547
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Listed by: Sabrina Cormier • PAR Realty, LLP
Mls Name: RAA
Mls Provider:
Mls ID: #24009911
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2024-02-12 10:51:22 PST