356 White Oak LnBerniceLA71222
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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 Bernice at 356 White Oak Ln, Bernice, LA, 71222 uses $53,007 cash to close to unlock $3,026/yr annual cash flow and $252/mo monthly cash flow. Total monthly income runs $1,243/mo, and a $783/mo payment keeps the spread at $252/mo. Purchase price stands at $159,900, and rental yield measures 9.33% with $1,243/mo rent. Return on cash invested shows 25.62% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 133.56% and total cumulative return in cash records $70,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,243/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 2005
11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71222, Bernice, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,538 (100%) |
| Owner Occupied HU | 916 (59.6%) |
| Renter Occupied HU | 320 (20.8%) |
| Vacant Housing Units | 302 (19.6%) |
| Median Home Value | $93,889 |
| Average Home Value | $138,169 |
Housing Distribution
Address Breakdown
Residential
1,294
Single Family
1,294
Multi-Family
0
Businesses
57
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