1014 13th AveFranklintonLA70438
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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 Franklinton at 1014 13th Ave, Franklinton, LA, 70438 uses $43,062 cash to close to unlock $5,030/yr annual cash flow and $419/mo monthly cash flow. Total monthly income runs $1,224/mo, and a $636/mo payment keeps the spread at $419/mo. Purchase price stands at $129,900, and rental yield measures 11.31% with $1,224/mo rent. Return on cash invested shows 31.59% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 165.6% and total cumulative return in cash records $71,311. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,224/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1965
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70438, Franklinton, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,351 (100%) |
| Owner Occupied HU | 6,246 (66.8%) |
| Renter Occupied HU | 1,786 (19.1%) |
| Vacant Housing Units | 1,319 (14.1%) |
| Median Home Value | $175,248 |
| Average Home Value | $220,994 |
Housing Distribution
Address Breakdown
Residential
8,120
Single Family
8,012
Multi-Family
108
Businesses
581
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Listed by: Heather Seal • Downtown Realty
Mls Name: GSREIN
Mls ID: #2530804