106 Magee RdFranklintonLA70438
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 Franklinton at 106 Magee Rd, Franklinton, LA, 70438 at $353,000 posts ROI 31.14% with $1,095/mo cash flow from $3,282/mo rent. Total monthly income equals $3,282/mo, and annual cash flow records $13,141/yr on $117,020 to close. Return on cash invested measures 31.14% and rental yield reads 11.16% at the current $353,000. Equity gained on principal adds $2,278/yr, and 5% annual appreciation supports $97,527 by year five. Five-year ROI prints 163.11% and total cumulative return in cash totals $190,868.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,282/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1978
N/A 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: Brent Drude • Coldwell Banker TEC HAMMOND
Mls Name: GSREIN
Mls ID: #2539381