309 E Edwards StRayneLA70578
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 Rayne at 309 E Edwards St, Rayne, LA, 70578 offers a 10.21% rental yield on a $186,800 purchase with $1,590/mo rent. Total monthly income registers $1,590/mo, and a $914/mo payment leaves $433/mo available for distribution. Annual cash flow reaches $5,198/yr on $61,924 to close, and return on cash invested stands at 28.3% in year one. Equity gained on principal adds $1,205/yr while 5% annual appreciation supports $51,609 over five years. Portfolio math shows five-year ROI at 147.94% and total cumulative return in cash at $91,612. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,590/mo property income against a $914/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70578, Rayne, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,020 (100%) |
| Owner Occupied HU | 4,552 (64.8%) |
| Renter Occupied HU | 1,753 (25.0%) |
| Vacant Housing Units | 715 (10.2%) |
| Median Home Value | $187,805 |
| Average Home Value | $207,462 |
Housing Distribution
Address Breakdown
Residential
7,159
Single Family
7,044
Multi-Family
115
Businesses
448
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Stymest • Platinum Realty
Mls Name: RAA
Mls Provider:
Mls ID: #2020022338
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 2025-04-03 11:42:18 PDT