249 Carter RdRagleyLA70657
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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 Ragley at 249 Carter Rd, Ragley, LA, 70657 uses $49,228 cash to close to unlock $3,383/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $1,202/mo, and a $727/mo payment keeps the spread at $282/mo. Purchase price stands at $148,500, and rental yield measures 9.71% with $1,202/mo rent. Return on cash invested shows 26.78% in year one, and 5% annual appreciation builds toward $41,028 over five years. Five-year ROI reaches 139.71% and total cumulative return in cash records $68,775. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,202/mo property income covering a $727/mo payment rather than investor’s personal income.
Manufactured
Built in 2002
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70657, Ragley, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,359 (100%) |
| Owner Occupied HU | 1,817 (77.0%) |
| Renter Occupied HU | 198 ( 8.4%) |
| Vacant Housing Units | 344 (14.6%) |
| Median Home Value | $215,773 |
| Average Home Value | $296,355 |
Housing Distribution
Address Breakdown
Residential
2,261
Single Family
2,261
Multi-Family
0
Businesses
34
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Listed by: Lydia Holland • RE/MAX ONE
Mls Name: Greater Southern MLS
Mls ID: #SWL24007051
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.