805 W Monroe StBroussardLA70518
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
Investment property for sale in Broussard at 805 W Monroe St, Broussard, LA, 70518 uses $64,643 cash to close to unlock $5,202/yr annual cash flow and $434/mo monthly cash flow. Total monthly income runs $1,641/mo, and a $954/mo payment keeps the spread at $434/mo. Purchase price stands at $195,000, and rental yield measures 10.1% with $1,641/mo rent. Return on cash invested shows 27.96% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 146.02% and total cumulative return in cash records $94,390. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,641/mo property income covering a $954/mo payment rather than investor’s personal income.
Townhouse
Built in 2006
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70518, Broussard, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,416 (100%) |
| Owner Occupied HU | 5,481 (73.9%) |
| Renter Occupied HU | 1,225 (16.5%) |
| Vacant Housing Units | 710 ( 9.6%) |
| Median Home Value | $283,930 |
| Average Home Value | $307,325 |
Housing Distribution
Address Breakdown
Residential
7,313
Single Family
6,652
Multi-Family
661
Businesses
1,354
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices