7224 Plum RdErathLA70533
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7224 Plum Rd, Erath, LA, 70533 priced at $214,000 converts $1,462/mo rent into $137/mo cash flow after a $1,047/mo obligation. Total monthly income equals $1,462/mo, and annual cash flow totals $1,642/yr on $70,941 invested. Return on cash invested prints 22.22% in year one, and rental yield reads 8.2% against a $214,000 entry. Equity gained on principal adds $1,381/yr, while 5% annual appreciation compiles into $59,124 by year five. Five-year ROI reaches 115.26% and total cumulative return in cash sums $81,767. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,462/mo property income covering a $1,047/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1.70 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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Listed by: Jace Harrington • EXP Realty, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24007417
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. IDX information is provided exclusively for consumers' 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 deemed reliable, but not guaranteed accurate. Data last updated 2024-02-12 10:51:22 PST