1222 Melody LnGlenmoraLA71433
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
Investment property for sale in Glenmora at 1222 Melody Ln, Glenmora, LA, 71433 earns $316/mo cash flow from $1,703/mo rent with a $1,096/mo payment. Total monthly income totals $1,703/mo, and annual cash flow totals $3,790/yr on $74,256 capital. ROI tracks 25.01% on current figures, and rental yield reads 9.12% at a $224,000 purchase. Equity gained on principal adds $1,445/yr, and 5% annual appreciation supports $61,887 over five years. Five-year ROI reaches 130.21% and total cumulative return in cash sums $96,691. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,703/mo property income instead of your personal income.
Single Family
Built in 1978
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71433, Glenmora, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,121 (100%) |
| Owner Occupied HU | 1,363 (64.3%) |
| Renter Occupied HU | 356 (16.8%) |
| Vacant Housing Units | 402 (19.0%) |
| Median Home Value | $141,992 |
| Average Home Value | $164,582 |
Housing Distribution
Address Breakdown
Residential
1,346
Single Family
1,335
Multi-Family
11
Businesses
71
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices