309 N Polk 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
Rental property for sale in Rayne at 309 N Polk St, Rayne, LA, 70578 priced at $315,900 pairs $2,680/mo rent with $723/mo cash flow after a $1,546/mo payment. Total monthly income equals $2,680/mo, and annual cash flow comes to $8,680/yr on $104,721 invested. Return on cash invested is 28.2% in year one, and rental yield stands at 10.18% on a $315,900 basis. Equity gained on principal adds $2,038/yr, and 5% annual appreciation accumulates to $87,277 by year five. Five-year ROI measures 147.32% and total cumulative return in cash reaches $154,272. For financing, Ziffy Mortgage’s DSCR program evaluates $2,680/mo property income against a $1,546/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1875
0.40 Acres 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