1223 Lancaster DrAlexandriaLA71303
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Alexandria rental at 1223 Lancaster Dr, Alexandria, LA, 71303 sits in the solid-income band: 8.86% gross yield, $1,757/mo rent, $229/mo net after the $1,070/mo debt service, DSCR 1.64. Entry price of $238,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $65,755 and $2,192/yr in principal reduction bring total cumulative return to $105,225.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.2% |
| Monthly Cash Flow | $229 | $350 |
City averages based on Alexandria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,757 |
| Total Monthly Debt Service | $1,434 |
| DSCR Ratio | 1.23x |
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 1968
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71303, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,159 (100%) |
| Owner Occupied HU | 5,516 (54.3%) |
| Renter Occupied HU | 3,475 (34.2%) |
| Vacant Housing Units | 1,168 (11.5%) |
| Median Home Value | $256,404 |
| Average Home Value | $275,068 |
Housing Distribution
Address Breakdown
Residential
9,932
Single Family
8,197
Multi-Family
1,735
Businesses
1,122
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 1968
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71303, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,159 (100%) |
| Owner Occupied HU | 5,516 (54.3%) |
| Renter Occupied HU | 3,475 (34.2%) |
| Vacant Housing Units | 1,168 (11.5%) |
| Median Home Value | $256,404 |
| Average Home Value | $275,068 |
Housing Distribution
Address Breakdown
Residential
9,932
Single Family
8,197
Multi-Family
1,735
Businesses
1,122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JOHN WALKER • KELLER WILLIAMS REALTY CENLA PARTNERS
Mls Name: GCLRA
Mls Provider:
Mls ID: #2509304
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.