320 N Morein StVille PlatteLA70586
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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 Ville Platte at 320 N Morein St, Ville Platte, LA, 70586 offers $2,135/mo rent that, after a $1,224/mo payment, leaves $586/mo cash flow. Total monthly income is $2,135/mo, and annual cash flow is $7,032/yr on $82,875 cash. Return on cash invested measures 28.39% in year one, and rental yield stands at 10.25% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 148.34% and total cumulative return in cash reaches $122,938. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,135/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70586, Ville Platte, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,614 (100%) |
| Owner Occupied HU | 5,749 (59.8%) |
| Renter Occupied HU | 2,652 (27.6%) |
| Vacant Housing Units | 1,213 (12.6%) |
| Median Home Value | $154,012 |
| Average Home Value | $178,620 |
Housing Distribution
Address Breakdown
Residential
8,427
Single Family
8,052
Multi-Family
375
Businesses
659
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Listed by: Katie Miller • Real Broker, LLC
Mls Name: RAA
Mls ID: #2500002533