120 Grand Lakes BlvdAlexandriaLA71303
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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 Alexandria at 120 Grand Lakes Blvd, Alexandria, LA, 71303 with 5% annual appreciation on a $279,000 basis while $2,542/mo rent supports operations. Total monthly income totals $2,542/mo and a $1,366/mo payment preserves $813/mo for cash returns. Annual cash flow comes to $9,760/yr on $92,489 deployed, and return on cash invested reaches 30.46% in year one. Equity gained on principal adds $1,800/yr, and five-year appreciation sums $77,083 alongside rental yield of 10.93%. Five-year ROI measures 159.46% and total cumulative return in cash totals $147,487.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,542/mo property income versus a $1,366/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2011
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71303, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,159 (100%) |
| Owner Occupied HU | 5,516 (54.3%) |
| Renter Occupied HU | 3,475 (34.2%) |
| Vacant Housing Units | 1,168 (11.5%) |
| Median Home Value | $256,404 |
| Average Home Value | $275,068 |
Housing Distribution
Address Breakdown
Residential
9,932
Single Family
8,197
Multi-Family
1,735
Businesses
1,122
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Listed by: Aaron LaCour • RITCHIE REAL ESTATE
Mls Name: GCLRA
Mls ID: #2530765