319 Walter DrCarencroLA70520
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 Carencro at 319 Walter Dr, Carencro, LA, 70520 priced at $115,000 pairs $890/mo rent with $178/mo cash flow after a $563/mo payment. Total monthly income equals $890/mo, and annual cash flow comes to $2,130/yr on $38,123 invested. Return on cash invested is 25.5% in year one, and rental yield stands at 9.29% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 132.86% and total cumulative return in cash reaches $50,649. For financing, Ziffy Mortgage’s DSCR program evaluates $890/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
10,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70520, Carencro, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 6,509 (73.2%) |
| Renter Occupied HU | 1,503 (16.9%) |
| Vacant Housing Units | 884 ( 9.9%) |
| Median Home Value | $236,184 |
| Average Home Value | $289,156 |
Housing Distribution
Address Breakdown
Residential
8,260
Single Family
8,197
Multi-Family
63
Businesses
547
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Listed by: Colby Richard • Real Broker, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24010809
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 2024-02-12 10:51:22 PST