12223 Highway 71ColfaxLA71417
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 12223 Highway 71, Colfax, LA, 71417 in Colfax delivers $1,264/mo in gross rent and $229/mo in net monthly income at a $269,000 entry. The 9.19% yield and 1.04 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $74,320 over five years and $2,478/yr in equity from loan paydown, total projected return is $76,117.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 8.0% |
| Monthly Cash Flow | $229 | $150 |
City averages based on Colfax market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,264 |
| Total Monthly Debt Service | $1,559 |
| DSCR Ratio | 0.81x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1980
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71417, Colfax, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,192 (100%) |
| Owner Occupied HU | 1,450 (66.1%) |
| Renter Occupied HU | 424 (19.3%) |
| Vacant Housing Units | 318 (14.5%) |
| Median Home Value | $125,472 |
| Average Home Value | $185,074 |
Housing Distribution
Address Breakdown
Residential
2,214
Single Family
2,214
Multi-Family
0
Businesses
141
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 1980
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71417, Colfax, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,192 (100%) |
| Owner Occupied HU | 1,450 (66.1%) |
| Renter Occupied HU | 424 (19.3%) |
| Vacant Housing Units | 318 (14.5%) |
| Median Home Value | $125,472 |
| Average Home Value | $185,074 |
Housing Distribution
Address Breakdown
Residential
2,214
Single Family
2,214
Multi-Family
0
Businesses
141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vicki Weaver • WEAVER REALTY LLC
Mls Name: GCLRA
Mls Provider:
Mls ID: #2507496
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.