864 Iris StBaton 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 864 Iris St, Baton Rouge, LA, 70802 offers a 9.05% rental yield on a $115,000 purchase with $867/mo rent. Total monthly income registers $867/mo, and a $563/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,854/yr on $38,123 to close, and return on cash invested stands at 24.77% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 128.99% and total cumulative return in cash at $49,173. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $867/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
3,920 sqft 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: Andrea Parker • Lotus Luxe Realty Co
Mls Name: ROAM MLS
Mls ID: #2026000022