126 Ellis Landing RdHarrisonburgLA71340
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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 Harrisonburg at 126 Ellis Landing Rd, Harrisonburg, LA, 71340 priced at $275,000 converts $2,045/mo rent into $342/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,045/mo, and annual cash flow totals $4,098/yr on $91,163 invested. Return on cash invested prints 24.4% in year one, and rental yield reads 8.92% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 126.99% and total cumulative return in cash sums $115,763. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,045/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1995
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71340, Harrisonburg, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 608 (100%) |
| Owner Occupied HU | 380 (62.5%) |
| Renter Occupied HU | 88 (14.5%) |
| Vacant Housing Units | 140 (23.0%) |
| Median Home Value | $100,893 |
| Average Home Value | $129,138 |
Housing Distribution
Address Breakdown
Residential
264
Single Family
239
Multi-Family
25
Businesses
54
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Listed by: Charlotte Cripps • Four Seasons Real Estate of Louisiana
Mls Name: My State MLS
Mls ID: #11608814