229 Milam St APT 42ShreveportLA71101
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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 Shreveport at 229 Milam St APT 42, Shreveport, LA, 71101 uses $84,533 cash to close to unlock $5,514/yr annual cash flow and $460/mo monthly cash flow. Total monthly income runs $2,039/mo, and a $1,248/mo payment keeps the spread at $460/mo. Purchase price stands at $255,000, and rental yield measures 9.6% with $2,039/mo rent. Return on cash invested shows 26.43% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 137.85% and total cumulative return in cash records $116,528. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,039/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A 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
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Listed by: Danielle Gosslee • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #21081427