407 Tulane StBastropLA71220
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
Rental property for sale in Bastrop at 407 Tulane St, Bastrop, LA, 71220 offers $1,369/mo rent that, after a $876/mo payment, leaves $260/mo cash flow. Total monthly income is $1,369/mo, and annual cash flow is $3,124/yr on $59,339 cash. Return on cash invested measures 25.17% in year one, and rental yield stands at 9.18% at a $179,000 entry. Equity gained on principal adds $1,155/yr while 5% annual appreciation compounds into $49,454 by year five. Five-year ROI records 131.15% and total cumulative return in cash reaches $77,823. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,369/mo property income versus a $876/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71220, Bastrop, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,728 (100%) |
| Owner Occupied HU | 5,466 (56.2%) |
| Renter Occupied HU | 2,971 (30.5%) |
| Vacant Housing Units | 1,291 (13.3%) |
| Median Home Value | $118,108 |
| Average Home Value | $154,806 |
Housing Distribution
Address Breakdown
Residential
9,554
Single Family
9,346
Multi-Family
208
Businesses
686
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