121 Michigan StDelhiLA71232
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 Delhi at 121 Michigan St, Delhi, LA, 71232 priced at $147,200 converts $2,648/mo rent into $1,737/mo cash flow after a $720/mo obligation. Total monthly income equals $2,648/mo, and annual cash flow totals $20,840/yr on $48,797 invested. Return on cash invested prints 62.62% in year one, and rental yield reads 21.59% against a $147,200 entry. Equity gained on principal adds $950/yr, while 5% annual appreciation compiles into $40,669 by year five. Five-year ROI reaches 331.92% and total cumulative return in cash sums $161,967. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,648/mo property income covering a $720/mo payment, not borrower’s personal income.
Single Family
Built in N/A
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71232, Delhi, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,888 (100%) |
| Owner Occupied HU | 1,739 (60.2%) |
| Renter Occupied HU | 757 (26.2%) |
| Vacant Housing Units | 392 (13.6%) |
| Median Home Value | $156,663 |
| Average Home Value | $217,785 |
Housing Distribution
Address Breakdown
Residential
2,604
Single Family
2,540
Multi-Family
64
Businesses
356
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