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5191 Mire Hwy 95
Rayne, LA 70578
Asking Price
$995K
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 114.57 acres <ul><li>±114.57 Acres divided into 6 tracts consisting of 13-24 acres per tract </li><li>Can be subdivided.</li><li>2024 Property Taxes - $818.76</li><li>Flood Zone X</li><li>Acadia Parish</li><li>No Zoning Regulations</li><li>SLEMCO Electric / Mire Branch Water Corp / Private Sewage / Center</li><li>Point Energy (Natural Gas)</li><li>Mire Elementary (Pre K - 8th) / Rayne High School</li><li>Great potential for an industrial or residential development.</li><li>12 Minutes to Rayne</li>
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NOI
$80,000
Cap Rate
8.04%
DSCR
1.35
Strong
Cash-on-Cash
7.01%
Monthly Payment
$4,922.717
Annual Cash Flow
$20,927.395