403 Polytech DrBaton RougeLA70808
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Baton Rouge at 403 Polytech Dr, Baton Rouge, LA, 70808 uses $87,789 cash to close to unlock $5,911/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $2,137/mo, and a $1,296/mo payment keeps the spread at $493/mo. Purchase price stands at $264,825, and rental yield measures 9.68% with $2,137/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $73,166 over five years. Five-year ROI reaches 138.98% and total cumulative return in cash records $122,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,137/mo property income covering a $1,296/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.29 Acres lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70808, Baton Rouge, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,977 (100%) |
| Owner Occupied HU | 8,297 (46.2%) |
| Renter Occupied HU | 7,122 (39.6%) |
| Vacant Housing Units | 2,558 (14.2%) |
| Median Home Value | $427,368 |
| Average Home Value | $508,352 |
Housing Distribution
Address Breakdown
Residential
16,843
Single Family
11,058
Multi-Family
5,785
Businesses
1,225
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Listed by: Steve Myers • Steve Myers, Broker
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2024011430
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.