2302 2nd AveRoanokeLA70581
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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 Roanoke at 2302 2nd Ave, Roanoke, LA, 70581 earns $173/mo cash flow from $1,213/mo rent with a $822/mo payment. Total monthly income totals $1,213/mo, and annual cash flow totals $2,071/yr on $55,692 capital. ROI tracks 23.63% on current figures, and rental yield reads 8.66% at a $168,000 purchase. Equity gained on principal adds $1,084/yr, and 5% annual appreciation supports $46,415 over five years. Five-year ROI reaches 122.81% and total cumulative return in cash sums $68,393. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,213/mo property income instead of your personal income.
Single Family
Built in 1990
0.51 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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