450 E Vine AveEuniceLA70535
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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
Rental property for sale in Eunice at 450 E Vine Ave, Eunice, LA, 70535 priced at $114,900 converts $877/mo rent into $166/mo cash flow after a $562/mo obligation. Total monthly income equals $877/mo, and annual cash flow totals $1,988/yr on $38,089 invested. Return on cash invested prints 25.13% in year one, and rental yield reads 9.16% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 130.84% and total cumulative return in cash sums $49,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $877/mo property income covering a $562/mo payment, not borrower’s personal income.
Single Family
Built in N/A
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70535, Eunice, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,552 (100%) |
| Owner Occupied HU | 4,454 (59.0%) |
| Renter Occupied HU | 2,202 (29.2%) |
| Vacant Housing Units | 896 (11.9%) |
| Median Home Value | $185,659 |
| Average Home Value | $235,602 |
Housing Distribution
Address Breakdown
Residential
7,759
Single Family
7,502
Multi-Family
257
Businesses
782
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