58980 Martin Luther King BlvdPlaquemineLA70764
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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 Plaquemine at 58980 Martin Luther King Blvd, Plaquemine, LA, 70764 generates $1,320/mo in rent, after a $1,232/mo payment. Total monthly income is $1,320/mo. Return on cash invested sits at 16.47% in year one, and rental yield is 6.29% on a $251,780 entry. Equity gained on principal adds $1,625/yr, while 5% annual appreciation builds toward $69,562 over five years. Five-year ROI reaches 84.41% and total cumulative return in cash sums $70,457. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,320/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70764, Plaquemine, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,703 (100%) |
| Owner Occupied HU | 4,817 (62.5%) |
| Renter Occupied HU | 1,518 (19.7%) |
| Vacant Housing Units | 1,368 (17.8%) |
| Median Home Value | $191,229 |
| Average Home Value | $217,243 |
Housing Distribution
Address Breakdown
Residential
7,437
Single Family
6,827
Multi-Family
610
Businesses
577
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Listed by: Danielle Deggs • Newlands United, LLC
Mls Name: ROAM MLS
Mls ID: #2025019852