253 Magellan RdCarencroLA70520
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
Rental property for sale in Carencro at 253 Magellan Rd, Carencro, LA, 70520 generates $2,350/mo in rent, after a $2,666/mo payment. Total monthly income is $2,350/mo. Return on cash invested sits at 13.2% in year one, and rental yield is 5.18% on a $544,595 entry. Equity gained on principal adds $3,514/yr, while 5% annual appreciation builds toward $150,462 over five years. Five-year ROI reaches 66.87% and total cumulative return in cash sums $119,813. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,350/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
2.12 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices