218 Greathouse StFerridayLA71334
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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 Ferriday at 218 Greathouse St, Ferriday, LA, 71334 priced at $103,000 converts $822/mo rent into $184/mo cash flow after a $504/mo obligation. Total monthly income equals $822/mo, and annual cash flow totals $2,209/yr on $34,145 invested. Return on cash invested prints 26.38% in year one, and rental yield reads 9.58% against a $103,000 entry. Equity gained on principal adds $665/yr, while 5% annual appreciation compiles into $28,457 by year five. Five-year ROI reaches 137.69% and total cumulative return in cash sums $47,014. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $822/mo property income covering a $504/mo payment, not borrower’s personal income.
Single Family
Built in 1985
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71334, Ferriday, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,009 (100%) |
| Owner Occupied HU | 2,004 (50.0%) |
| Renter Occupied HU | 1,191 (29.7%) |
| Vacant Housing Units | 814 (20.3%) |
| Median Home Value | $110,671 |
| Average Home Value | $171,524 |
Housing Distribution
Address Breakdown
Residential
3,348
Single Family
3,070
Multi-Family
278
Businesses
301
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