306 Burlington AveBroussardLA70518
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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
Rental property for sale in Broussard at 306 Burlington Ave, Broussard, LA, 70518 priced at $245,000 converts $1,926/mo rent into $409/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,926/mo, and annual cash flow totals $4,902/yr on $81,218 invested. Return on cash invested prints 25.94% in year one, and rental yield reads 9.43% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 135.22% and total cumulative return in cash sums $109,824. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,926/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1987
10,018 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 |
Housing Distribution
Address Breakdown
Residential
7,313
Single Family
6,652
Multi-Family
661
Businesses
1,354
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