259 Oak Manor RdRayneLA70578
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 Rayne at 259 Oak Manor Rd, Rayne, LA, 70578 priced at $189,900 converts $1,505/mo rent into $329/mo cash flow after a $929/mo obligation. Total monthly income equals $1,505/mo, and annual cash flow totals $3,950/yr on $62,952 invested. Return on cash invested prints 26.18% in year one, and rental yield reads 9.51% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 136.57% and total cumulative return in cash sums $85,973. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,505/mo property income covering a $929/mo payment, not borrower’s personal income.
Manufactured
Built in 2025
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70578, Rayne, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,020 (100%) |
| Owner Occupied HU | 4,552 (64.8%) |
| Renter Occupied HU | 1,753 (25.0%) |
| Vacant Housing Units | 715 (10.2%) |
| Median Home Value | $187,805 |
| Average Home Value | $207,462 |
Housing Distribution
Address Breakdown
Residential
7,159
Single Family
7,044
Multi-Family
115
Businesses
448
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Nearby investment properties with comparable prices
Listed by: Destinee Allanson • EXP Realty, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #2020024593
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 2025-06-08 12:22:18 PDT