575 Hog Pen RdBerniceLA71222
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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 Bernice at 575 Hog Pen Rd, Bernice, LA, 71222 uses $39,747 cash to close to unlock $2,366/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $940/mo, and a $587/mo payment keeps the spread at $197/mo. Purchase price stands at $119,900, and rental yield measures 9.41% with $940/mo rent. Return on cash invested shows 25.86% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 134.89% and total cumulative return in cash records $53,616. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $940/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71222, Bernice, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,538 (100%) |
| Owner Occupied HU | 916 (59.6%) |
| Renter Occupied HU | 320 (20.8%) |
| Vacant Housing Units | 302 (19.6%) |
| Median Home Value | $93,889 |
| Average Home Value | $138,169 |
Housing Distribution
Address Breakdown
Residential
1,294
Single Family
1,294
Multi-Family
0
Businesses
57
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