412 Parklan DrBakerLA70714
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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 Baker at 412 Parklan Dr, Baker, LA, 70714 offers a 9.33% rental yield on a $106,500 purchase with $828/mo rent. Total monthly income registers $828/mo, and a $521/mo payment leaves $160/mo available for distribution. Annual cash flow reaches $1,915/yr on $35,305 to close, and return on cash invested stands at 25.33% in year one. Equity gained on principal adds $687/yr while 5% annual appreciation supports $29,424 over five years. Portfolio math shows five-year ROI at 132.1% and total cumulative return in cash at $46,637. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $828/mo property income against a $521/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70714, Baker, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,662 (100%) |
| Owner Occupied HU | 5,117 (66.8%) |
| Renter Occupied HU | 1,783 (23.3%) |
| Vacant Housing Units | 762 ( 9.9%) |
| Median Home Value | $186,650 |
| Average Home Value | $241,456 |
Housing Distribution
Address Breakdown
Residential
7,485
Single Family
6,774
Multi-Family
711
Businesses
364
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Listed by: Kelae Gatlin • Clear To Close Realty
Mls Name: GCLRA
Mls Provider:
Mls ID: #2506184
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.