302 Summer St, Broussard, LA, 70518 | $1,392/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Broussard at 302 Summer St, Broussard, LA, 70518 offers $3,180/mo rent that, after a $1,413/mo payment, leaves $1,392/mo cash flow. Total monthly income is $3,180/mo, and annual cash flow is $16,701/yr on $95,680 cash. Return on cash invested measures 37.36% in year one, and rental yield stands at 13.22% at a $288,627 entry. Equity gained on principal adds $1,862/yr while 5% annual appreciation compounds into $79,742 by year five. Five-year ROI records 196.45% and total cumulative return in cash reaches $187,961. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,180/mo property income versus a $1,413/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

7,405 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70518, Broussard, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,416 (100%)
Owner Occupied HU	5,481 (73.9%)
Renter Occupied HU	1,225 (16.5%)
Vacant Housing Units	710 ( 9.6%)
Median Home Value	$283,930
Average Home Value	$307,325