203 Iris Park DrPinevilleLA71360
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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 Pineville at 203 Iris Park Dr, Pineville, LA, 71360 priced at $244,800 pairs $1,612/mo rent with $96/mo cash flow after a $1,198/mo payment. Total monthly income equals $1,612/mo, and annual cash flow comes to $1,149/yr on $81,151 invested. Return on cash invested is 21.33% in year one, and rental yield stands at 7.9% on a $244,800 basis. Equity gained on principal adds $1,580/yr, and 5% annual appreciation accumulates to $67,634 by year five. Five-year ROI measures 110.44% and total cumulative return in cash reaches $89,625. For financing, Ziffy Mortgage’s DSCR program evaluates $1,612/mo property income against a $1,198/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71360, Pineville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,482 (100%) |
| Owner Occupied HU | 9,390 (60.7%) |
| Renter Occupied HU | 4,548 (29.4%) |
| Vacant Housing Units | 1,544 ( 10.0%) |
| Median Home Value | $226,141 |
| Average Home Value | $251,941 |
Housing Distribution
Address Breakdown
Residential
15,005
Single Family
13,872
Multi-Family
1,133
Businesses
862
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