921 Carriage WayBaton RougeLA70808
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 Baton Rouge at 921 Carriage Way, Baton Rouge, LA, 70808 offers a 8.35% rental yield on a $480,000 purchase with $3,339/mo rent. Total monthly income registers $3,339/mo, and a $2,349/mo payment leaves $366/mo available for distribution. Annual cash flow reaches $4,392/yr on $159,120 to close, and return on cash invested stands at 22.67% in year one. Equity gained on principal adds $3,097/yr while 5% annual appreciation supports $132,615 over five years. Portfolio math shows five-year ROI at 117.64% and total cumulative return in cash at $187,193. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,339/mo property income against a $2,349/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70808, Baton Rouge, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,977 (100%) |
| Owner Occupied HU | 8,297 (46.2%) |
| Renter Occupied HU | 7,122 (39.6%) |
| Vacant Housing Units | 2,558 (14.2%) |
| Median Home Value | $427,368 |
| Average Home Value | $508,352 |
Housing Distribution
Address Breakdown
Residential
16,843
Single Family
11,058
Multi-Family
5,785
Businesses
1,225
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bailey Zahn • NextHome Real Estate Professionals
Mls Name: NextHome
Mls ID: #2508193