230 Main StPattersonLA70392
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
Investment property for sale in Patterson at 230 Main St, Patterson, LA, 70392 with 5% annual appreciation on a $999,500 basis while $1,489/mo rent supports operations. 9% in year one. Equity gained on principal adds $6,450/yr, and five-year appreciation sums $276,143 alongside rental yield of 1.79%. Five-year ROI measures 11.61% and total cumulative return in cash totals $38,163. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,489/mo property income versus a $4,892/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1790
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70392, Patterson, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,602 (100%) |
| Owner Occupied HU | 2,219 (61.6%) |
| Renter Occupied HU | 958 (26.6%) |
| Vacant Housing Units | 425 (11.8%) |
| Median Home Value | $155,885 |
| Average Home Value | $217,986 |
Housing Distribution
Address Breakdown
Residential
2,577
Single Family
2,569
Multi-Family
8
Businesses
202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices