1216 Lenora StFranklintonLA70438
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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 Franklinton at 1216 Lenora St, Franklinton, LA, 70438 offers $1,140/mo rent that, after a $836/mo payment, leaves $82/mo cash flow. Total monthly income is $1,140/mo, and annual cash flow is $984/yr on $56,620 cash. Return on cash invested measures 21.65% in year one, and rental yield stands at 8.01% at a $170,800 entry. Equity gained on principal adds $1,102/yr while 5% annual appreciation compounds into $47,189 by year five. Five-year ROI records 112.15% and total cumulative return in cash reaches $63,500. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,140/mo property income versus a $836/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70438, Franklinton, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,351 (100%) |
| Owner Occupied HU | 6,246 (66.8%) |
| Renter Occupied HU | 1,786 (19.1%) |
| Vacant Housing Units | 1,319 (14.1%) |
| Median Home Value | $175,248 |
| Average Home Value | $220,994 |
Housing Distribution
Address Breakdown
Residential
8,120
Single Family
8,012
Multi-Family
108
Businesses
581
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Listed by: Metaxia Fairburn • United Real Estate Partners
Mls Name: GSREIN
Mls Provider:
Mls ID: #2453938
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