291 New Haven StRacelandLA70394
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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 Raceland at 291 New Haven St, Raceland, LA, 70394 uses $70,775 cash to close to unlock $4,289/yr annual cash flow and $357/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,045/mo payment keeps the spread at $357/mo. Purchase price stands at $213,500, and rental yield measures 9.44% with $1,680/mo rent. Return on cash invested shows 25.97% in year one, and 5% annual appreciation builds toward $58,986 over five years. Five-year ROI reaches 135.4% and total cumulative return in cash records $95,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,045/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70394, Raceland, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,733 (100%) |
| Owner Occupied HU | 4,227 (73.7%) |
| Renter Occupied HU | 1,033 (18.0%) |
| Vacant Housing Units | 473 ( 8.3%) |
| Median Home Value | $208,782 |
| Average Home Value | $238,542 |
Housing Distribution
Address Breakdown
Residential
5,355
Single Family
5,343
Multi-Family
12
Businesses
263
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