405 Charlotte DrPattersonLA70392
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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 Patterson at 405 Charlotte Dr, Patterson, LA, 70392 uses $42,764 cash to close to unlock $2,440/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $1,002/mo, and a $631/mo payment keeps the spread at $203/mo. Purchase price stands at $129,000, and rental yield measures 9.32% with $1,002/mo rent. Return on cash invested shows 25.61% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 133.52% and total cumulative return in cash records $57,097. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,002/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 2006
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70392, Patterson, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,602 (100%) |
| Owner Occupied HU | 2,219 (61.6%) |
| Renter Occupied HU | 958 (26.6%) |
| Vacant Housing Units | 425 (11.8%) |
| Median Home Value | $155,885 |
| Average Home Value | $217,986 |
Housing Distribution
Address Breakdown
Residential
2,577
Single Family
2,569
Multi-Family
8
Businesses
202
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