20 Gillespie RdGlenmoraLA71433
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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 Glenmora at 20 Gillespie Rd, Glenmora, LA, 71433 generates $1,020/mo in rent and, after a $541/mo payment, leaves $301/mo in cash flow. Total monthly income is $1,020/mo, and annual cash flow is $3,610/yr on $36,631 invested. Return on cash invested sits at 29.76% in year one, and rental yield is 11.08% on a $110,500 entry. Equity gained on principal adds $713/yr, while 5% annual appreciation builds toward $30,529 over five years. Five-year ROI reaches 156.13% and total cumulative return in cash sums $57,193. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
2.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71433, Glenmora, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,121 (100%) |
| Owner Occupied HU | 1,363 (64.3%) |
| Renter Occupied HU | 356 (16.8%) |
| Vacant Housing Units | 402 (19.0%) |
| Median Home Value | $141,992 |
| Average Home Value | $164,582 |
Housing Distribution
Address Breakdown
Residential
1,346
Single Family
1,335
Multi-Family
11
Businesses
71
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Listed by: LeaAnn Cross • BERKSHIRE HATHAWAY HOME SERVICES-ALLY REAL ESTATE
Mls Name: GCLRA
Mls Provider:
Mls ID: #2499835
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.