1598 Bel Fire Tower RdReevesLA70658
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
Investment Highlights
Rental property for sale in Reeves at 1598 Bel Fire Tower Rd, Reeves, LA, 70658 offers $1,300/mo rent that, after a $798/mo payment, leaves $290/mo cash flow. Total monthly income is $1,300/mo, and annual cash flow is $3,481/yr on $54,035 cash. Return on cash invested measures 26.35% in year one, and rental yield stands at 9.57% at a $163,000 entry. Equity gained on principal adds $1,052/yr while 5% annual appreciation compounds into $45,034 by year five. Five-year ROI records 137.5% and total cumulative return in cash reaches $74,299. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,300/mo property income versus a $798/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70658, Reeves, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 547 (100%) |
| Owner Occupied HU | 386 (70.6%) |
| Renter Occupied HU | 55 (10.1%) |
| Vacant Housing Units | 106 (19.4%) |
| Median Home Value | $126,754 |
| Average Home Value | $163,938 |
Housing Distribution
Address Breakdown
Residential
365
Single Family
365
Multi-Family
0
Businesses
13
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Nearby investment properties with comparable prices
Listed by: Jose Umanzor • Bricks & Mortar- Real Estate
Mls Name: Greater Southern MLS
Mls ID: #SWL24004681
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.