603 Point Pleasant DrBerwickLA70342
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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 Berwick at 603 Point Pleasant Dr, Berwick, LA, 70342 uses $121,926 cash to close to unlock $826/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $2,347/mo, and a $1,800/mo payment keeps the spread at $69/mo. Purchase price stands at $367,800, and rental yield measures 7.66% with $2,347/mo rent. Return on cash invested shows 20.59% in year one, and 5% annual appreciation builds toward $101,616 over five years. Five-year ROI reaches 106.47% and total cumulative return in cash records $129,814. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,347/mo property income covering a $1,800/mo payment rather than investor’s personal income.
Single Family
Built in 2010
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70342, Berwick, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,004 (100%) |
| Owner Occupied HU | 1,196 (59.7%) |
| Renter Occupied HU | 577 (28.8%) |
| Vacant Housing Units | 231 (11.5%) |
| Median Home Value | $182,181 |
| Average Home Value | $272,979 |
Housing Distribution
Address Breakdown
Residential
1,942
Single Family
1,891
Multi-Family
51
Businesses
150
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