250 Richardson RdOak GroveLA71263
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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 Oak Grove at 250 Richardson Rd, Oak Grove, LA, 71263 generates $2,178/mo in rent and, after a $1,542/mo payment, leaves $227/mo in cash flow. Total monthly income is $2,178/mo, and annual cash flow is $2,718/yr on $104,423 invested. Return on cash invested sits at 22.51% in year one, and rental yield is 8.3% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 116.82% and total cumulative return in cash sums $121,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,178/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71263, Oak Grove, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 2,393 (67.2%) |
| Renter Occupied HU | 703 (19.8%) |
| Vacant Housing Units | 463 (13.0%) |
| Median Home Value | $115,544 |
| Average Home Value | $142,947 |
Housing Distribution
Address Breakdown
Residential
2,896
Single Family
2,896
Multi-Family
0
Businesses
286
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