218 North StManghamLA71259
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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 Mangham at 218 North St, Mangham, LA, 71259 priced at $149,500 converts $1,136/mo rent into $210/mo cash flow after a $732/mo obligation. Total monthly income equals $1,136/mo, and annual cash flow totals $2,516/yr on $49,559 invested. Return on cash invested prints 24.99% in year one, and rental yield reads 9.12% against a $149,500 entry. Equity gained on principal adds $965/yr, while 5% annual appreciation compiles into $41,304 by year five. Five-year ROI reaches 130.13% and total cumulative return in cash sums $64,493. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,136/mo property income covering a $732/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71259, Mangham, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 790 (100%) |
| Owner Occupied HU | 537 (68.0%) |
| Renter Occupied HU | 143 (18.1%) |
| Vacant Housing Units | 110 (13.9%) |
| Median Home Value | $150,812 |
| Average Home Value | $191,485 |
Housing Distribution
Address Breakdown
Residential
717
Single Family
717
Multi-Family
0
Businesses
69
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Listed by: Bobby Willis • Keller Williams Northwest
Mls Name: NTREIS
Mls ID: #20948391
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.