602 1st StLake ArthurLA70549
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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 Lake Arthur at 602 1st St, Lake Arthur, LA, 70549 uses $43,062 cash to close to unlock $2,606/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,022/mo, and a $636/mo payment keeps the spread at $217/mo. Purchase price stands at $129,900, and rental yield measures 9.44% with $1,022/mo rent. Return on cash invested shows 25.96% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 135.42% and total cumulative return in cash records $58,315. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,022/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70549, Lake Arthur, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 1,099 (61.7%) |
| Renter Occupied HU | 391 (22.0%) |
| Vacant Housing Units | 290 (16.3%) |
| Median Home Value | $114,100 |
| Average Home Value | $140,389 |
Housing Distribution
Address Breakdown
Residential
1,614
Single Family
1,614
Multi-Family
0
Businesses
101
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Listed by: Lauren Gardiner • Parish Realty Acadiana
Mls Name: RAA
Mls ID: #2500005366