2850 1st StBerwickLA70342
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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 Berwick at 2850 1st St, Berwick, LA, 70342 earns $372/mo cash flow from $1,394/mo rent with a $808/mo payment. Total monthly income totals $1,394/mo, and annual cash flow totals $4,458/yr on $54,698 capital. ROI tracks 28.06% on current figures, and rental yield reads 10.14% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 146.62% and total cumulative return in cash sums $80,195. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,394/mo property income instead of your personal income.
Single Family
Built in 1954
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70342, Berwick, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,004 (100%) |
| Owner Occupied HU | 1,196 (59.7%) |
| Renter Occupied HU | 577 (28.8%) |
| Vacant Housing Units | 231 (11.5%) |
| Median Home Value | $182,181 |
| Average Home Value | $272,979 |
Housing Distribution
Address Breakdown
Residential
1,942
Single Family
1,891
Multi-Family
51
Businesses
150
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Listed by: Shayna Henry • NextHome Cutting Edge Realty
Mls Name: RAA
Mls Provider:
Mls ID: #24010202
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