505 Royal Palm CtMadisonvilleLA70447
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 Madisonville at 505 Royal Palm Ct, Madisonville, LA, 70447 priced at $519,000 pairs $3,240/mo rent with after a $2,540/mo payment. Total monthly income equals $3,240/mo. Return on cash invested is 19.45% in year one, and rental yield stands at 7.49% on a $519,000 basis. Equity gained on principal adds $3,349/yr, and 5% annual appreciation accumulates to $143,390 by year five. Five-year ROI measures 100.66% and total cumulative return in cash reaches $171,873. For financing, Ziffy Mortgage’s DSCR program evaluates $3,240/mo property income against a $2,540/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
0.77 Acres lot
$N/A/sqft
$400 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70447, Madisonville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,832 (100%) |
| Owner Occupied HU | 5,928 (86.8%) |
| Renter Occupied HU | 511 ( 7.5%) |
| Vacant Housing Units | 393 ( 5.8%) |
| Median Home Value | $400,856 |
| Average Home Value | $449,623 |
Housing Distribution
Address Breakdown
Residential
6,549
Single Family
6,442
Multi-Family
107
Businesses
430
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick Roberts • CBTEC Mandeville
Mls Name: GSREIN
Mls Provider:
Mls ID: #2521303
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.