501 Avenue BBroussardLA70518
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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 Broussard at 501 Avenue B, Broussard, LA, 70518 uses $39,449 cash to close to unlock $2,608/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $954/mo, and a $582/mo payment keeps the spread at $217/mo. Purchase price stands at $119,000, and rental yield measures 9.62% with $954/mo rent. Return on cash invested shows 26.52% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 138.39% and total cumulative return in cash records $54,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $954/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70518, Broussard, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,416 (100%) |
| Owner Occupied HU | 5,481 (73.9%) |
| Renter Occupied HU | 1,225 (16.5%) |
| Vacant Housing Units | 710 ( 9.6%) |
| Median Home Value | $283,930 |
| Average Home Value | $307,325 |
Housing Distribution
Address Breakdown
Residential
7,313
Single Family
6,652
Multi-Family
661
Businesses
1,354
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