514 Sherron AveBakerLA70714
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
Investment property for sale in Baker at 514 Sherron Ave, Baker, LA, 70714 uses $53,040 cash to close to unlock $2,664/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,213/mo, and a $783/mo payment keeps the spread at $222/mo. Purchase price stands at $160,000, and rental yield measures 9.1% with $1,213/mo rent. Return on cash invested shows 24.93% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 129.75% and total cumulative return in cash records $68,822. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,213/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1984
9,583 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices