229 Milam StShreveportLA71101
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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, Shreveport, LA, 71101 with 5% annual appreciation on a $249,000 basis while $1,724/mo rent supports operations. Total monthly income totals $1,724/mo and a $1,219/mo payment preserves $181/mo for cash returns. Annual cash flow comes to $2,176/yr on $82,544 deployed, and return on cash invested reaches 22.54% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 8.31%. Five-year ROI measures 117.01% and total cumulative return in cash totals $96,584.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,724/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2004
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: Lynn Roos • Coldwell Banker Apex Realtors
Mls Name: Coldwell Banker Apex, Realtors
Mls Provider:
Mls ID: #20874779