2416 Broadway DrBossier CityLA71111
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
Investment Highlights
Investment property for sale in Bossier City at 2416 Broadway Dr, Bossier City, LA, 71111 uses $41,404 cash to close to unlock $2,360/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $970/mo, and a $611/mo payment keeps the spread at $197/mo. Purchase price stands at $124,900, and rental yield measures 9.32% with $970/mo rent. Return on cash invested shows 25.61% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 133.43% and total cumulative return in cash records $55,246. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $970/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1954
2,439 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71111, Bossier City, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,448 (100%) |
| Owner Occupied HU | 10,533 (51.5%) |
| Renter Occupied HU | 7,988 (39.1%) |
| Vacant Housing Units | 1,927 ( 9.4%) |
| Median Home Value | $277,864 |
| Average Home Value | $323,509 |
Housing Distribution
Address Breakdown
Residential
19,437
Single Family
14,624
Multi-Family
4,813
Businesses
2,115
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kerry Friestad • Friestad Realty
Mls Name: NTREIS
Mls ID: #21124851