409 S Washington 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 409 S Washington St, Bastrop, LA, 71220 priced at $185,000 converts $1,579/mo rent into $434/mo cash flow after a $905/mo obligation. Total monthly income equals $1,579/mo, and annual cash flow totals $5,202/yr on $61,328 invested. Return on cash invested prints 28.39% in year one, and rental yield reads 10.24% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 148.36% and total cumulative return in cash sums $90,987. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,579/mo property income covering a $905/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices