615 Spanish Town RdBaton RougeLA70802
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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 Baton Rouge at 615 Spanish Town Rd, Baton Rouge, LA, 70802 offers a 1.65% rental yield on a $1,200,000 purchase with $1,650/mo rent. 52% in year one. Equity gained on principal adds $7,743/yr while 5% annual appreciation supports $331,538 over five years. Portfolio math shows five-year ROI at 9.5% and total cumulative return in cash at $36,947. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,650/mo property income against a $5,873/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70802, Baton Rouge, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,046 (100%) |
| Owner Occupied HU | 3,588 (25.5%) |
| Renter Occupied HU | 7,574 (53.9%) |
| Vacant Housing Units | 2,884 (20.5%) |
| Median Home Value | $114,919 |
| Average Home Value | $249,520 |
Housing Distribution
Address Breakdown
Residential
11,643
Single Family
8,942
Multi-Family
2,701
Businesses
1,085
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Listed by: Mathew Laborde SIOR CCIM • Elifin Realty
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2021017762
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 ROAM MLS.