3076 Elgin StBaton RougeLA70805
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 Baton Rouge at 3076 Elgin St, Baton Rouge, LA, 70805 offers a 9.39% rental yield on a $120,000 purchase with $939/mo rent. Total monthly income registers $939/mo, and a $587/mo payment leaves $196/mo available for distribution. Annual cash flow reaches $2,352/yr on $39,780 to close, and return on cash invested stands at 25.82% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 134.56% and total cumulative return in cash at $53,527. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $939/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70805, Baton Rouge, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,711 (100%) |
| Owner Occupied HU | 4,083 (34.9%) |
| Renter Occupied HU | 5,752 (49.1%) |
| Vacant Housing Units | 1,876 (16.0%) |
| Median Home Value | $97,880 |
| Average Home Value | $170,253 |
Housing Distribution
Address Breakdown
Residential
10,543
Single Family
8,557
Multi-Family
1,986
Businesses
972
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maggie Mosby • Prestige Homes Realty, LLC
Mls Name: GSREIN
Mls ID: #2499358