220 Cove LnJonesvilleLA71343
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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 Jonesville at 220 Cove Ln, Jonesville, LA, 71343 priced at $364,900 converts $2,129/mo rent into after a $1,786/mo obligation. Total monthly income equals $2,129/mo. Return on cash invested prints 18.61% in year one, and rental yield reads 7% against a $364,900 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,815 by year five. Five-year ROI reaches 95.87% and total cumulative return in cash sums $115,968. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,129/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 2015
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71343, Jonesville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,563 (100%) |
| Owner Occupied HU | 2,206 (61.9%) |
| Renter Occupied HU | 561 (15.7%) |
| Vacant Housing Units | 796 (22.3%) |
| Median Home Value | $122,538 |
| Average Home Value | $148,866 |
Housing Distribution
Address Breakdown
Residential
3,139
Single Family
3,066
Multi-Family
73
Businesses
241
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Listed by: Hunter Frey • Brown Realty Co. of Rayville, Inc.
Mls Name: My State MLS
Mls ID: #11290000