515 Broussard Hill DrBroussardLA70518
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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 515 Broussard Hill Dr, Broussard, LA, 70518 listed at $277,500 pairs $1,977/mo rent with a $1,358/mo payment to leave $217/mo cash flow. Total monthly income runs $1,977/mo, and annual cash flow reaches $2,599/yr on $91,991 cash to close. Return on cash invested measures 22.73% in year one, and rental yield registers 8.55% at a $277,500 basis. Equity gained on principal adds $1,791/yr, and annual property appreciation at 5% supports $76,668 by year five. Five-year ROI tracks 118.22% and total cumulative return in cash totals $108,748. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,977/mo property income relative to a $1,358/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
N/A lot
$N/A/sqft
$500 annually 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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Listed by: Sean Hettich • Real Broker, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24008495
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. IDX information is provided exclusively for consumers' 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 deemed reliable, but not guaranteed accurate. Data last updated 2024-02-12 10:51:22 PST