222 Sally LnCollinstonLA71229
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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 Collinston at 222 Sally Ln, Collinston, LA, 71229 generates $2,454/mo in rent and, after a $1,713/mo payment, leaves $286/mo in cash flow. Total monthly income is $2,454/mo, and annual cash flow is $3,432/yr on $116,025 invested. Return on cash invested sits at 22.87% in year one, and rental yield is 8.41% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 118.7% and total cumulative return in cash sums $137,726. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,454/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
15.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71229, Collinston, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 561 (100%) |
| Owner Occupied HU | 396 (70.6%) |
| Renter Occupied HU | 103 (18.4%) |
| Vacant Housing Units | 62 (11.1%) |
| Median Home Value | $126,923 |
| Average Home Value | $146,439 |
Housing Distribution
Address Breakdown
Residential
636
Single Family
582
Multi-Family
54
Businesses
17
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Listed by: Megan Mitchell • Keller Williams Parishwide Partners
Mls Name: NELAR
Mls ID: #215576