409 Olinde StNew RoadsLA70760
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 New Roads at 409 Olinde St, New Roads, LA, 70760 offers $834/mo rent that, after a $612/mo payment, leaves $60/mo cash flow. Total monthly income is $834/mo, and annual cash flow is $714/yr on $41,438 cash. Return on cash invested measures 21.63% in year one, and rental yield stands at 8.01% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 112.14% and total cumulative return in cash reaches $46,469. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $834/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70760, New Roads, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,365 (100%) |
| Owner Occupied HU | 1,698 (50.5%) |
| Renter Occupied HU | 1,005 (29.9%) |
| Vacant Housing Units | 662 (19.7%) |
| Median Home Value | $206,790 |
| Average Home Value | $240,428 |
Housing Distribution
Address Breakdown
Residential
2,730
Single Family
2,646
Multi-Family
84
Businesses
394
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices