1420 Patrick Rd #201NatchitochesLA71457
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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
Investment property for sale in Natchitoches at 1420 Patrick Rd #201, Natchitoches, LA, 71457 offers a 8.03% rental yield on a $152,400 purchase with $1,020/mo rent. Total monthly income registers $1,020/mo, and a $746/mo payment leaves $76/mo available for distribution. Annual cash flow reaches $911/yr on $50,521 to close, and return on cash invested stands at 21.71% in year one. Equity gained on principal adds $983/yr while 5% annual appreciation supports $42,105 over five years. Portfolio math shows five-year ROI at 112.52% and total cumulative return in cash at $56,847. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,020/mo property income against a $746/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2004
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71457, Natchitoches, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,064 (100%) |
| Owner Occupied HU | 6,028 (46.1%) |
| Renter Occupied HU | 4,955 (37.9%) |
| Vacant Housing Units | 2,081 (15.9%) |
| Median Home Value | $202,969 |
| Average Home Value | $239,760 |
Housing Distribution
Address Breakdown
Residential
11,840
Single Family
10,749
Multi-Family
1,091
Businesses
1,196
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Listed by: Debra Lee • Magnolia Key Real Estate LLC
Mls Name: My State MLS
Mls ID: #11620957