2020 Promise LnMarionLA71260
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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 Marion at 2020 Promise Ln, Marion, LA, 71260 uses $94,478 cash to close to unlock $1,518/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $1,892/mo, and a $1,395/mo payment keeps the spread at $127/mo. Purchase price stands at $285,000, and rental yield measures 7.97% with $1,892/mo rent. Return on cash invested shows 21.52% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 111.49% and total cumulative return in cash records $105,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,892/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in N/A
32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71260, Marion, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,364 (100%) |
| Owner Occupied HU | 893 (65.5%) |
| Renter Occupied HU | 241 (17.7%) |
| Vacant Housing Units | 230 (16.9%) |
| Median Home Value | $128,596 |
| Average Home Value | $158,547 |
Housing Distribution
Address Breakdown
Residential
1,266
Single Family
1,241
Multi-Family
25
Businesses
55
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