405 S Gin StErathLA70533
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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 Erath at 405 S Gin St, Erath, LA, 70533 listed at $157,500 pairs $1,221/mo rent with a $771/mo payment to leave $245/mo cash flow. Total monthly income runs $1,221/mo, and annual cash flow reaches $2,943/yr on $52,211 cash to close. Return on cash invested measures 25.55% in year one, and rental yield registers 9.3% at a $157,500 basis. Equity gained on principal adds $1,016/yr, and annual property appreciation at 5% supports $43,514 by year five. Five-year ROI tracks 133.16% and total cumulative return in cash totals $69,525. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,221/mo property income relative to a $771/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70533, Erath, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,218 (100%) |
| Owner Occupied HU | 2,260 (70.2%) |
| Renter Occupied HU | 572 (17.8%) |
| Vacant Housing Units | 386 (12.0%) |
| Median Home Value | $182,724 |
| Average Home Value | $195,202 |
Housing Distribution
Address Breakdown
Residential
2,859
Single Family
2,859
Multi-Family
0
Businesses
130
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