1118 Sandridge Rd #CElm GroveLA71051
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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 Elm Grove at 1118 Sandridge Rd #C, Elm Grove, LA, 71051 generates $1,264/mo in rent and, after a $783/mo payment, leaves $273/mo in cash flow. Total monthly income is $1,264/mo, and annual cash flow is $3,276/yr on $53,040 invested. Return on cash invested sits at 26.09% in year one, and rental yield is 9.48% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 135.93% and total cumulative return in cash sums $72,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,264/mo property income rather than buyer’s personal income.
Manufactured
Built in 1984
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71051, Elm Grove, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,040 (100%) |
| Owner Occupied HU | 703 (67.6%) |
| Renter Occupied HU | 122 (11.7%) |
| Vacant Housing Units | 215 (20.7%) |
| Median Home Value | $208,673 |
| Average Home Value | $228,033 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
949
Multi-Family
0
Businesses
38
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