709 W Pine StErathLA70533
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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 Erath at 709 W Pine St, Erath, LA, 70533 priced at $265,000 converts $2,270/mo rent into $629/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,270/mo, and annual cash flow totals $7,542/yr on $87,848 invested. Return on cash invested prints 28.49% in year one, and rental yield reads 10.28% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 148.91% and total cumulative return in cash sums $130,815. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,270/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70533, Erath, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,218 (100%) |
| Owner Occupied HU | 2,260 (70.2%) |
| Renter Occupied HU | 572 (17.8%) |
| Vacant Housing Units | 386 (12.0%) |
| Median Home Value | $182,724 |
| Average Home Value | $195,202 |
Housing Distribution
Address Breakdown
Residential
2,859
Single Family
2,859
Multi-Family
0
Businesses
130
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