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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Franklinton at 1408 Green St, Franklinton, LA, 70438 with 5% annual appreciation on a $120,000 basis while $1,140/mo rent supports operations. Total monthly income totals $1,140/mo and a $587/mo payment preserves $397/mo for cash returns. Annual cash flow comes to $4,764/yr on $39,780 deployed, and return on cash invested reaches 31.88% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 11.4%. Five-year ROI measures 167.05% and total cumulative return in cash totals $66,451.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,140/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
9,700 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 70438, Franklinton, LA area.
| 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 |
Residential
8,120
Single Family
8,012
Multi-Family
108
Businesses
581
Date | Event | Price |
|---|---|---|
| 2024-12-13 | Price change | $120,000 |
| 2024-05-29 | Price change | $130,000 |
| 2024-05-01 | Listed for sale | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-01-30 | $275.48 | -18.87% | $2,900 | N/A |
| 2021-01-30 | $339.57 | 0.07% | $2,900 | N/A |
| 2020-01-30 | $339.33 | 18.75% | $2,900 | N/A |
Listed by: Vail Manfre • REMAX ALLIANCE
Mls Name: GSREIN
Mls Provider:
Mls ID: #2443053
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. [Click here for more information](/info/mls-disclaimers/#mls_250)
