1605 Bickham StFranklintonLA70438
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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 Franklinton at 1605 Bickham St, Franklinton, LA, 70438 uses $42,101 cash to close to unlock $2,759/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $1,017/mo, and a $622/mo payment keeps the spread at $230/mo. Purchase price stands at $127,000, and rental yield measures 9.61% with $1,017/mo rent. Return on cash invested shows 26.46% in year one, and 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 138.01% and total cumulative return in cash records $58,101. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,017/mo property income covering a $622/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70438, Franklinton, LA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,120
Single Family
8,012
Multi-Family
108
Businesses
581
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Listed by: Kimberly Magee • Goings Group Real Estate Services, Inc.
Mls Name: GSREIN
Mls ID: #2529488