525 Mullican RdBaskinLA71219
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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 Baskin at 525 Mullican Rd, Baskin, LA, 71219 uses $44,421 cash to close to unlock $2,350/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,026/mo, and a $656/mo payment keeps the spread at $196/mo. Purchase price stands at $134,000, and rental yield measures 9.19% with $1,026/mo rent. Return on cash invested shows 25.2% in year one, and 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 131.23% and total cumulative return in cash records $58,295. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,026/mo property income covering a $656/mo payment rather than investor’s personal income.
Manufactured
Built in 2017
1.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71219, Baskin, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 532 (100%) |
| Owner Occupied HU | 412 (77.4%) |
| Renter Occupied HU | 51 ( 9.6%) |
| Vacant Housing Units | 69 (13.0%) |
| Median Home Value | $108,333 |
| Average Home Value | $160,892 |
Housing Distribution
Address Breakdown
Residential
474
Single Family
474
Multi-Family
0
Businesses
18
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