315 Southeastern AveRayneLA70578
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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 Rayne at 315 Southeastern Ave, Rayne, LA, 70578 priced at $219,990 converts $1,830/mo rent into $467/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,830/mo, and annual cash flow totals $5,604/yr on $72,927 invested. Return on cash invested prints 27.59% in year one, and rental yield reads 9.98% against a $219,990 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,779 by year five. Five-year ROI reaches 144.12% and total cumulative return in cash sums $105,104. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,830/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in N/A
8,712 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
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