2221 Oak Grove DrVintonLA70668
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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 Vinton at 2221 Oak Grove Dr, Vinton, LA, 70668 priced at $296,700 converts $2,153/mo rent into $315/mo cash flow after a $1,452/mo obligation. Total monthly income equals $2,153/mo, and annual cash flow totals $3,783/yr on $98,356 invested. Return on cash invested prints 23.76% in year one, and rental yield reads 8.71% against a $296,700 entry. Equity gained on principal adds $1,915/yr, while 5% annual appreciation compiles into $81,973 by year five. Five-year ROI reaches 123.5% and total cumulative return in cash sums $121,472. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,153/mo property income covering a $1,452/mo payment, not borrower’s personal income.
Single Family
Built in 2006
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70668, Vinton, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,754 (100%) |
| Owner Occupied HU | 1,850 (67.2%) |
| Renter Occupied HU | 663 (24.1%) |
| Vacant Housing Units | 241 ( 8.8%) |
| Median Home Value | $166,718 |
| Average Home Value | $203,030 |
Housing Distribution
Address Breakdown
Residential
2,677
Single Family
2,677
Multi-Family
0
Businesses
174
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