24450 Jones RdLexingtonLA70462
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 24450 Jones Rd, Lexington, LA, 70462 in Lexington. At $430,000 it earns $3,155/mo in rent and distributes $491/mo to the owner after the $1,934/mo payment, a consistent 8.8% yield. DSCR 1.63 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $118,801 in value; $3,960/yr in principal paydown compounds ownership stake. Total projected return: $194,637.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.0% |
| Monthly Cash Flow | $491 | $600 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,155 |
| Total Monthly Debt Service | $2,493 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1999
2.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70462, Springfield, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,990 (100%) |
| Owner Occupied HU | 2,058 (68.8%) |
| Renter Occupied HU | 392 (13.1%) |
| Vacant Housing Units | 540 (18.1%) |
| Median Home Value | $326,667 |
| Average Home Value | $320,051 |
Housing Distribution
Address Breakdown
Residential
2,729
Single Family
2,712
Multi-Family
17
Businesses
116
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
Single Family
Built in 1999
2.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70462, Springfield, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,990 (100%) |
| Owner Occupied HU | 2,058 (68.8%) |
| Renter Occupied HU | 392 (13.1%) |
| Vacant Housing Units | 540 (18.1%) |
| Median Home Value | $326,667 |
| Average Home Value | $320,051 |
Housing Distribution
Address Breakdown
Residential
2,729
Single Family
2,712
Multi-Family
17
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices