24494 Old Columbia RdFranklintonLA70438
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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 Franklinton at 24494 Old Columbia Rd, Franklinton, LA, 70438 offers a 9.09% rental yield on a $175,000 purchase with $1,326/mo rent. Total monthly income registers $1,326/mo, and a $857/mo payment leaves $242/mo available for distribution. Annual cash flow reaches $2,898/yr on $58,013 to close, and return on cash invested stands at 24.9% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 129.67% and total cumulative return in cash at $75,223. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,326/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
4.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70438, Franklinton, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,351 (100%) |
| Owner Occupied HU | 6,246 (66.8%) |
| Renter Occupied HU | 1,786 (19.1%) |
| Vacant Housing Units | 1,319 (14.1%) |
| Median Home Value | $175,248 |
| Average Home Value | $220,994 |
Housing Distribution
Address Breakdown
Residential
8,120
Single Family
8,012
Multi-Family
108
Businesses
581
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Listed by: Tonya Sharp • Downtown Realty
Mls Name: GSREIN
Mls ID: #2529648