119 Walnut Creek RdSimsboroLA71275
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
Rental property for sale in Simsboro at 119 Walnut Creek Rd, Simsboro, LA, 71275 offers $1,826/mo rent that, after a $1,566/mo payment. Total monthly income is $1,826/mo. Return on cash invested measures 18.14% in year one, and rental yield stands at 6.85% at a $320,000 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,410 by year five. Five-year ROI records 93.37% and total cumulative return in cash reaches $99,051. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,826/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71275, Simsboro, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,061 (100%) |
| Owner Occupied HU | 668 (63.0%) |
| Renter Occupied HU | 186 (17.5%) |
| Vacant Housing Units | 207 (19.5%) |
| Median Home Value | $138,816 |
| Average Home Value | $182,979 |
Housing Distribution
Address Breakdown
Residential
995
Single Family
995
Multi-Family
0
Businesses
62
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