224 W 9th StRoanokeLA70581
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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 Roanoke at 224 W 9th St, Roanoke, LA, 70581 generates $1,628/mo in rent and, after a $1,101/mo payment, leaves $235/mo in cash flow. Total monthly income is $1,628/mo, and annual cash flow is $2,814/yr on $74,588 invested. Return on cash invested sits at 23.68% in year one, and rental yield is 8.68% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 123.1% and total cumulative return in cash sums $91,821. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,628/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70581, Roanoke, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 379 (100%) |
| Owner Occupied HU | 297 (78.4%) |
| Renter Occupied HU | 48 (12.7%) |
| Vacant Housing Units | 34 ( 9.0%) |
| Median Home Value | $171,528 |
| Average Home Value | $204,108 |
Housing Distribution
Address Breakdown
Residential
263
Single Family
263
Multi-Family
0
Businesses
55
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