2003 Memorial DrAlexandriaLA71301
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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 Alexandria at 2003 Memorial Dr, Alexandria, LA, 71301 uses $56,355 cash to close to unlock $7,260/yr annual cash flow and $605/mo monthly cash flow. Total monthly income runs $1,658/mo, and a $832/mo payment keeps the spread at $605/mo. Purchase price stands at $170,000, and rental yield measures 11.7% with $1,658/mo rent. Return on cash invested shows 32.79% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 171.92% and total cumulative return in cash records $96,885. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,658/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71301, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,873 (100%) |
| Owner Occupied HU | 4,024 (40.8%) |
| Renter Occupied HU | 4,255 (43.1%) |
| Vacant Housing Units | 1,594 (16.1%) |
| Median Home Value | $182,872 |
| Average Home Value | $241,638 |
Housing Distribution
Address Breakdown
Residential
8,481
Single Family
7,878
Multi-Family
603
Businesses
1,495
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Listed by: Tamara Hunt • Wise Real Estate Co
Mls Name: GCLRA
Mls Provider:
Mls ID: #2470138
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.