222 Sally LnCollinstonLA71229
INVESTMENT ANALYSIS
Investment Verdict
Solid Income222 Sally Ln, Collinston, LA, 71229 in Collinston is a solid income-producing rental, 8.41% gross yield, $2,454/mo rent, $286/mo net cash flow on a $350,000 buy. DSCR 1.56 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $96,699 and $3,224/yr in principal reduction project a total cumulative return of $151,111.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 8.0% |
| Monthly Cash Flow | $286 | $400 |
City averages based on Collinston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,454 |
| Total Monthly Debt Service | $2,029 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Megan Mitchell • Keller Williams Parishwide Partners
Mls Name: NELAR
Mls ID: #215576