207 Heyman LnAlexandriaLA71303
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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 207 Heyman Ln, Alexandria, LA, 71303 offers a 11.26% rental yield on a $310,000 purchase with $2,909/mo rent. Total monthly income registers $2,909/mo, and a $1,517/mo payment leaves $989/mo available for distribution. Annual cash flow reaches $11,868/yr on $102,765 to close, and return on cash invested stands at 31.46% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 164.76% and total cumulative return in cash at $169,315. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,909/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71303, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,159 (100%) |
| Owner Occupied HU | 5,516 (54.3%) |
| Renter Occupied HU | 3,475 (34.2%) |
| Vacant Housing Units | 1,168 (11.5%) |
| Median Home Value | $256,404 |
| Average Home Value | $275,068 |
Housing Distribution
Address Breakdown
Residential
9,932
Single Family
8,197
Multi-Family
1,735
Businesses
1,122
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Listed by: JENNIFER BYRD • RITCHIE REAL ESTATE
Mls Name: GCLRA
Mls ID: #2527224