2116 Old Grove CirShreveportLA71106
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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 Shreveport at 2116 Old Grove Cir, Shreveport, LA, 71106 generates $3,934/mo in rent and, after a $2,584/mo payment, leaves $664/mo in cash flow. Total monthly income is $3,934/mo, and annual cash flow is $7,963/yr on $173,712 invested. Return on cash invested sits at 24.64% in year one, and rental yield is 8.94% on a $528,000 entry. Equity gained on principal adds $3,407/yr, while 5% annual appreciation builds toward $145,877 over five years. Five-year ROI reaches 128.21% and total cumulative return in cash sums $222,723. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,934/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71106, Shreveport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,499 (100%) |
| Owner Occupied HU | 9,278 (59.9%) |
| Renter Occupied HU | 4,316 (27.8%) |
| Vacant Housing Units | 1,905 (12.3%) |
| Median Home Value | $302,639 |
| Average Home Value | $392,509 |
Housing Distribution
Address Breakdown
Residential
15,053
Single Family
14,136
Multi-Family
917
Businesses
1,341
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Listed by: Susannah Hodges • Susannah Hodges, LLC
Mls Name: NTREIS
Mls ID: #20993705