6117 Mitchell RdAbbevilleLA70510
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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 Abbeville at 6117 Mitchell Rd, Abbeville, LA, 70510 generates $940/mo in rent and, after a $607/mo payment, leaves $172/mo in cash flow. Total monthly income is $940/mo, and annual cash flow is $2,062/yr on $41,106 invested. Return on cash invested sits at 24.92% in year one, and rental yield is 9.1% on a $124,000 entry. Equity gained on principal adds $800/yr, while 5% annual appreciation builds toward $34,259 over five years. Five-year ROI reaches 129.77% and total cumulative return in cash sums $53,343. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $940/mo property income rather than buyer’s personal income.
Manufactured
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70510, Abbeville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,984 (100%) |
| Owner Occupied HU | 6,473 (58.9%) |
| Renter Occupied HU | 2,914 (26.5%) |
| Vacant Housing Units | 1,597 (14.5%) |
| Median Home Value | $181,574 |
| Average Home Value | $203,856 |
Housing Distribution
Address Breakdown
Residential
10,384
Single Family
9,955
Multi-Family
429
Businesses
752
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