224 Mudge RdBoyceLA71409
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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
Investment property for sale in Boyce at 224 Mudge Rd, Boyce, LA, 71409 uses $65,306 cash to close to unlock $2,639/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $964/mo payment keeps the spread at $220/mo. Purchase price stands at $197,000, and rental yield measures 8.77% with $1,440/mo rent. Return on cash invested shows 23.95% in year one, and 5% annual appreciation builds toward $54,427 over five years. Five-year ROI reaches 124.51% and total cumulative return in cash records $81,314. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $964/mo payment rather than investor’s personal income.
Single Family
Built in 2004
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71409, Boyce, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,891 (100%) |
| Owner Occupied HU | 1,960 (67.8%) |
| Renter Occupied HU | 534 (18.5%) |
| Vacant Housing Units | 397 (13.7%) |
| Median Home Value | $205,960 |
| Average Home Value | $226,966 |
Housing Distribution
Address Breakdown
Residential
2,299
Single Family
2,299
Multi-Family
0
Businesses
110
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