10116 Hanover DrShreveportLA71115
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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 Shreveport at 10116 Hanover Dr, Shreveport, LA, 71115 uses $46,079 cash to close to unlock $2,524/yr annual cash flow and $210/mo monthly cash flow. Total monthly income runs $1,071/mo, and a $680/mo payment keeps the spread at $210/mo. Purchase price stands at $139,000, and rental yield measures 9.25% with $1,071/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 132.26% and total cumulative return in cash records $60,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,071/mo property income covering a $680/mo payment rather than investor’s personal income.
Townhouse
Built in 1978
1,481 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71115, Shreveport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,594 (100%) |
| Owner Occupied HU | 4,263 (56.1%) |
| Renter Occupied HU | 2,725 (35.9%) |
| Vacant Housing Units | 606 ( 8.0%) |
| Median Home Value | $261,571 |
| Average Home Value | $302,073 |
Housing Distribution
Address Breakdown
Residential
7,643
Single Family
5,349
Multi-Family
2,294
Businesses
212
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Listed by: Karen Hoell • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #21148583