1808 Eldridge AveLecompteLA71346
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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 Lecompte at 1808 Eldridge Ave, Lecompte, LA, 71346 generates $840/mo in rent, after a $680/mo payment. Total monthly income is $840/mo. Return on cash invested sits at 19.37% in year one, and rental yield is 7.25% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 100.02% and total cumulative return in cash sums $46,088. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $840/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71346, Lecompte, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,238 (100%) |
| Owner Occupied HU | 790 (63.8%) |
| Renter Occupied HU | 216 (17.4%) |
| Vacant Housing Units | 232 (18.7%) |
| Median Home Value | $233,186 |
| Average Home Value | $226,396 |
Housing Distribution
Address Breakdown
Residential
767
Single Family
767
Multi-Family
0
Businesses
70
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Listed by: JENNIFER BYRD • RITCHIE REAL ESTATE
Mls Name: GCLRA
Mls Provider:
Mls ID: #2474949
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.