816 Saint Mary StEltonLA70532
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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 Elton at 816 Saint Mary St, Elton, LA, 70532 priced at $125,000 converts $956/mo rent into $182/mo cash flow after a $612/mo obligation. Total monthly income equals $956/mo, and annual cash flow totals $2,178/yr on $41,438 invested. Return on cash invested prints 25.17% in year one, and rental yield reads 9.18% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 131.08% and total cumulative return in cash sums $54,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $956/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70532, Elton, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,270 (100%) |
| Owner Occupied HU | 856 (67.4%) |
| Renter Occupied HU | 183 (14.4%) |
| Vacant Housing Units | 231 (18.2%) |
| Median Home Value | $106,504 |
| Average Home Value | $138,919 |
Housing Distribution
Address Breakdown
Residential
788
Single Family
773
Multi-Family
15
Businesses
60
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