388 Wingate DrBaton RougeLA70815
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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 388 Wingate Dr, Baton Rouge, LA, 70815 priced at $249,500 converts $1,837/mo rent into $292/mo cash flow after a $1,221/mo obligation. Total monthly income equals $1,837/mo, and annual cash flow totals $3,500/yr on $82,709 invested. Return on cash invested prints 24.14% in year one, and rental yield reads 8.84% against a $249,500 entry. Equity gained on principal adds $1,610/yr, while 5% annual appreciation compiles into $68,932 by year five. Five-year ROI reaches 125.55% and total cumulative return in cash sums $103,845. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,837/mo property income covering a $1,221/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70815, Baton Rouge, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,216 (100%) |
| Owner Occupied HU | 7,160 (58.6%) |
| Renter Occupied HU | 3,767 (30.8%) |
| Vacant Housing Units | 1,289 (10.6%) |
| Median Home Value | $220,891 |
| Average Home Value | $233,303 |
Housing Distribution
Address Breakdown
Residential
11,554
Single Family
9,385
Multi-Family
2,169
Businesses
1,114
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Listed by: Michele Pourciau • LPT Realty, LLC
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025007423
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.