116 Fairmount StPinevilleLA71360
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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 Pineville at 116 Fairmount St, Pineville, LA, 71360 uses $42,432 cash to close to unlock $1,578/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $930/mo, and a $627/mo payment keeps the spread at $132/mo. Purchase price stands at $128,000, and rental yield measures 8.72% with $930/mo rent. Return on cash invested shows 23.63% in year one, and 5% annual appreciation builds toward $35,364 over five years. Five-year ROI reaches 122.9% and total cumulative return in cash records $52,151. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $930/mo property income covering a $627/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,738 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71360, Pineville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,482 (100%) |
| Owner Occupied HU | 9,390 (60.7%) |
| Renter Occupied HU | 4,548 (29.4%) |
| Vacant Housing Units | 1,544 ( 10.0%) |
| Median Home Value | $226,141 |
| Average Home Value | $251,941 |
Housing Distribution
Address Breakdown
Residential
15,005
Single Family
13,872
Multi-Family
1,133
Businesses
862
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Listed by: JENNIFER BYRD • RITCHIE REAL ESTATE
Mls Name: GCLRA
Mls Provider:
Mls ID: #2497035
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.