3115 Myrtle AveBaton RougeLA70806
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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
Investment property for sale in Baton Rouge at 3115 Myrtle Ave, Baton Rouge, LA, 70806 offers a 7.32% rental yield on a $359,000 purchase with $2,190/mo rent. 57% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 101.05% and total cumulative return in cash at $120,259. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,190/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70806, Baton Rouge, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,861 (100%) |
| Owner Occupied HU | 5,561 (37.4%) |
| Renter Occupied HU | 7,320 (49.3%) |
| Vacant Housing Units | 1,980 (13.3%) |
| Median Home Value | $337,531 |
| Average Home Value | $398,844 |
Housing Distribution
Address Breakdown
Residential
14,473
Single Family
9,243
Multi-Family
5,230
Businesses
2,068
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Listed by: Stephen Sommers • 1 Percent Lists Premier
Mls Name: ROAM MLS
Mls ID: #2026001337