24010 1st StPlaquemineLA70764
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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 Plaquemine at 24010 1st St, Plaquemine, LA, 70764 uses $53,703 cash to close to unlock $3,797/yr annual cash flow and $316/mo monthly cash flow. Total monthly income runs $1,320/mo, and a $793/mo payment keeps the spread at $316/mo. Purchase price stands at $162,000, and rental yield measures 9.78% with $1,320/mo rent. Return on cash invested shows 26.98% in year one, and 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 140.83% and total cumulative return in cash records $75,629. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,320/mo property income covering a $793/mo payment rather than investor’s personal income.
Single Family
Built in 1945
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70764, Plaquemine, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,703 (100%) |
| Owner Occupied HU | 4,817 (62.5%) |
| Renter Occupied HU | 1,518 (19.7%) |
| Vacant Housing Units | 1,368 (17.8%) |
| Median Home Value | $191,229 |
| Average Home Value | $217,243 |
Housing Distribution
Address Breakdown
Residential
7,437
Single Family
6,827
Multi-Family
610
Businesses
577
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Listed by: Caren Morgan • Redfin Corporation
Mls Name: ROAM MLS
Mls ID: #2025022029