229 Milam St APT 41ShreveportLA71101
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 229 Milam St APT 41, Shreveport, LA, 71101 in Shreveport is straightforward: $220,000 in, $2,126/mo in rent, $457/mo out after debt service. The 11.6% gross yield and 2.15 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $60,782 by year five. With $2,026/yr in principal equity, the total cumulative return is projected at $132,542.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 9.2% |
| Monthly Cash Flow | $457 | $450 |
City averages based on Shreveport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,126 |
| Total Monthly Debt Service | $1,275 |
| DSCR Ratio | 1.67x |
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.
Condo
Built in 2004
1,533 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71101, Shreveport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,196 (100%) |
| Owner Occupied HU | 817 (19.5%) |
| Renter Occupied HU | 2,197 (52.4%) |
| Vacant Housing Units | 1,182 (28.2%) |
| Median Home Value | $113,164 |
| Average Home Value | $166,611 |
Housing Distribution
Address Breakdown
Residential
3,605
Single Family
2,254
Multi-Family
1,351
Businesses
1,163
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
Condo
Built in 2004
1,533 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71101, Shreveport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,196 (100%) |
| Owner Occupied HU | 817 (19.5%) |
| Renter Occupied HU | 2,197 (52.4%) |
| Vacant Housing Units | 1,182 (28.2%) |
| Median Home Value | $113,164 |
| Average Home Value | $166,611 |
Housing Distribution
Address Breakdown
Residential
3,605
Single Family
2,254
Multi-Family
1,351
Businesses
1,163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NTREIS
Mls ID: #21216667