605 Ira StCarencroLA70520
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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 Carencro at 605 Ira St, Carencro, LA, 70520 priced at $239,500 converts $2,297/mo rent into $814/mo cash flow after a $1,172/mo obligation. Total monthly income equals $2,297/mo, and annual cash flow totals $9,764/yr on $79,394 invested. Return on cash invested prints 32.21% in year one, and rental yield reads 11.51% against a $239,500 entry. Equity gained on principal adds $1,545/yr, while 5% annual appreciation compiles into $66,169 by year five. Five-year ROI reaches 168.81% and total cumulative return in cash sums $134,029. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,297/mo property income covering a $1,172/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70520, Carencro, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 6,509 (73.2%) |
| Renter Occupied HU | 1,503 (16.9%) |
| Vacant Housing Units | 884 ( 9.9%) |
| Median Home Value | $236,184 |
| Average Home Value | $289,156 |
Housing Distribution
Address Breakdown
Residential
8,260
Single Family
8,197
Multi-Family
63
Businesses
547
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