281 Washam RdSaint JosephLA71366
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 Saint Joseph at 281 Washam Rd, Saint Joseph, LA, 71366 earns from $2,130/mo rent with a $3,181/mo payment. Total monthly income totals $2,130/mo. ROI tracks 9.42% on current figures, and rental yield reads 3.93% at a $650,000 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 over five years. Five-year ROI reaches 46.57% and total cumulative return in cash sums $99,590. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,130/mo property income instead of your personal income.
Manufactured
Built in 2015
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71366, Saint Joseph, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,017 (100%) |
| Owner Occupied HU | 496 (48.8%) |
| Renter Occupied HU | 182 (17.9%) |
| Vacant Housing Units | 339 (33.3%) |
| Median Home Value | $83,429 |
| Average Home Value | $144,073 |
Housing Distribution
Address Breakdown
Residential
601
Single Family
601
Multi-Family
0
Businesses
105
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Clark • Clark Real Estate Inc
Mls Name: My State MLS
Mls ID: #11503753