38035 Post Office Rd APT 23APrairievilleLA70769
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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 Prairieville at 38035 Post Office Rd APT 23A, Prairieville, LA, 70769 generates $1,265/mo in rent, after a $820/mo payment. Total monthly income is $1,265/mo. Return on cash invested sits at 16.61% in year one, and rental yield is 9.06% on a $167,500 entry. Equity gained on principal adds $1,081/yr, while 5% annual appreciation builds toward $46,277 over five years. Five-year ROI reaches 88.2% and total cumulative return in cash sums $48,976. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,265/mo property income rather than buyer’s personal income.
Condo
Built in 2006
6,499 sqft lot
$N/A/sqft
$4,560 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70769, Prairieville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,602 (100%) |
| Owner Occupied HU | 15,284 (82.2%) |
| Renter Occupied HU | 2,278 (12.2%) |
| Vacant Housing Units | 1,040 ( 5.6%) |
| Median Home Value | $328,278 |
| Average Home Value | $357,952 |
Housing Distribution
Address Breakdown
Residential
18,162
Single Family
17,857
Multi-Family
305
Businesses
1,131
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Listed by: Kim Caldwell • Blue Heron Realty
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025016238
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 2025 ROAM MLS.