1216 Lenora StFranklintonLA70438
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 1216 Lenora St, Franklinton, LA, 70438 in Franklinton worth modelling. At $170,800 with a 8.01% gross yield, the $1,140/mo rent leaves $82/mo after the $768/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.48 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $47,189 by year five; $1,573/yr in principal reduction adds further equity. Total projected return: $70,042.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 8.5% |
| Monthly Cash Flow | $82 | $1,200 |
City averages based on Franklinton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,140 |
| Total Monthly Debt Service | $990 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Metaxia Fairburn • United Real Estate Partners
Mls Name: GSREIN
Mls Provider:
Mls ID: #2453938
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