3227 Caroljack DrBaton RougeLA70816
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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 Baton Rouge at 3227 Caroljack Dr, Baton Rouge, LA, 70816 generates $1,339/mo in rent and, after a $868/mo payment, leaves $240/mo in cash flow. Total monthly income is $1,339/mo, and annual cash flow is $2,885/yr on $58,808 invested. Return on cash invested sits at 24.81% in year one, and rental yield is 9.06% on a $177,400 entry. Equity gained on principal adds $1,145/yr, while 5% annual appreciation builds toward $49,012 over five years. Five-year ROI reaches 129.21% and total cumulative return in cash sums $75,988. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,339/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70816, Baton Rouge, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,371 (100%) |
| Owner Occupied HU | 9,700 (45.4%) |
| Renter Occupied HU | 9,090 (42.5%) |
| Vacant Housing Units | 2,581 (12.1%) |
| Median Home Value | $254,072 |
| Average Home Value | $282,276 |
Housing Distribution
Address Breakdown
Residential
20,004
Single Family
12,062
Multi-Family
7,942
Businesses
2,229
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Listed by: Ronald Julien • Donald Julien & Associates BR
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2024013818
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. Copyright 2024 ROAM MLS.