512 Red Cypress RdPattersonLA70392
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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 Patterson at 512 Red Cypress Rd, Patterson, LA, 70392 priced at $128,000 converts $1,022/mo rent into $230/mo cash flow after a $627/mo obligation. Total monthly income equals $1,022/mo, and annual cash flow totals $2,755/yr on $42,432 invested. Return on cash invested prints 26.4% in year one, and rental yield reads 9.58% against a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation compiles into $35,364 by year five. Five-year ROI reaches 137.72% and total cumulative return in cash sums $58,439. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,022/mo property income covering a $627/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70392, Patterson, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,602 (100%) |
| Owner Occupied HU | 2,219 (61.6%) |
| Renter Occupied HU | 958 (26.6%) |
| Vacant Housing Units | 425 (11.8%) |
| Median Home Value | $155,885 |
| Average Home Value | $217,986 |
Housing Distribution
Address Breakdown
Residential
2,577
Single Family
2,569
Multi-Family
8
Businesses
202
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