948 Ridgepoint Ct #11-BBaton RougeLA70810
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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 Baton Rouge at 948 Ridgepoint Ct #11-B, Baton Rouge, LA, 70810 generates $1,226/mo in rent and, after a $697/mo payment, leaves $344/mo in cash flow. Total monthly income is $1,226/mo, and annual cash flow is $4,125/yr on $47,239 invested. Return on cash invested sits at 28.64% in year one, and rental yield is 10.32% on a $142,500 entry. Equity gained on principal adds $920/yr, while 5% annual appreciation builds toward $39,370 over five years. Five-year ROI reaches 149.68% and total cumulative return in cash sums $70,707. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,226/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70810, Baton Rouge, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,349 (100%) |
| Owner Occupied HU | 12,543 (61.6%) |
| Renter Occupied HU | 5,721 (28.1%) |
| Vacant Housing Units | 2,085 (10.2%) |
| Median Home Value | $375,292 |
| Average Home Value | $472,357 |
Housing Distribution
Address Breakdown
Residential
19,853
Single Family
16,834
Multi-Family
3,019
Businesses
1,152
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Listed by: Rae Broussard • Keller Williams Realty-First Choice
Mls Name: ROAM MLS
Mls ID: #2025021102