2405 4th StVille PlatteLA70586
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 Ville Platte at 2405 4th St, Ville Platte, LA, 70586 offers a 9.31% rental yield on a $118,000 purchase with $915/mo rent. Total monthly income registers $915/mo, and a $578/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,203/yr on $39,117 to close, and return on cash invested stands at 25.54% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,601 over five years. Portfolio math shows five-year ROI at 133.09% and total cumulative return in cash at $52,059. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $915/mo property income against a $578/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70586, Ville Platte, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,614 (100%) |
| Owner Occupied HU | 5,749 (59.8%) |
| Renter Occupied HU | 2,652 (27.6%) |
| Vacant Housing Units | 1,213 (12.6%) |
| Median Home Value | $154,012 |
| Average Home Value | $178,620 |
Housing Distribution
Address Breakdown
Residential
8,427
Single Family
8,052
Multi-Family
375
Businesses
659
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lana Soileau • Real Broker, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #25000072
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