22003 Gro Racca Rd #19IowaLA70647
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Iowa at 22003 Gro Racca Rd #19, Iowa, LA, 70647 generates $1,302/mo in rent and, after a $773/mo payment, leaves $324/mo in cash flow. Total monthly income is $1,302/mo, and annual cash flow is $3,883/yr on $52,377 invested. Return on cash invested sits at 27.32% in year one, and rental yield is 9.89% on a $158,000 entry. Equity gained on principal adds $1,020/yr, while 5% annual appreciation builds toward $43,652 over five years. Five-year ROI reaches 142.66% and total cumulative return in cash sums $74,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,302/mo property income rather than buyer’s personal income.
Manufactured
Built in 2021
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70647, Iowa, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,224 (100%) |
| Owner Occupied HU | 3,758 (71.9%) |
| Renter Occupied HU | 1,004 (19.2%) |
| Vacant Housing Units | 462 ( 8.8%) |
| Median Home Value | $250,967 |
| Average Home Value | $270,254 |
Housing Distribution
Address Breakdown
Residential
4,558
Single Family
4,553
Multi-Family
5
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Landry • EXIT Bayou Realty
Mls Name: Greater Southern MLS
Mls ID: #SWL25000379
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.