243 Caney Creek DrJonesboroLA71251
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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
Rental property for sale in Jonesboro at 243 Caney Creek Dr, Jonesboro, LA, 71251 offers $1,208/mo rent that, after a $1,248/mo payment. Total monthly income is $1,208/mo. Return on cash invested measures 14.64% in year one, and rental yield stands at 5.68% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 74.58% and total cumulative return in cash reaches $63,044. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,208/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2015
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71251, Jonesboro, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,048 (100%) |
| Owner Occupied HU | 2,349 (58.0%) |
| Renter Occupied HU | 1,019 (25.2%) |
| Vacant Housing Units | 680 (16.8%) |
| Median Home Value | $116,334 |
| Average Home Value | $167,849 |
Housing Distribution
Address Breakdown
Residential
3,560
Single Family
3,457
Multi-Family
103
Businesses
372
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