263 Simmie Woods RdErosLA71238
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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 Eros at 263 Simmie Woods Rd, Eros, LA, 71238 offers $1,025/mo rent that, after a $1,463/mo payment. Total monthly income is $1,025/mo. Return on cash invested measures 9.9% in year one, and rental yield stands at 4.11% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 49.2% and total cumulative return in cash reaches $48,766. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,025/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71238, Eros, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,298 (100%) |
| Owner Occupied HU | 971 (74.8%) |
| Renter Occupied HU | 167 (12.9%) |
| Vacant Housing Units | 160 (12.3%) |
| Median Home Value | $188,702 |
| Average Home Value | $207,824 |
Housing Distribution
Address Breakdown
Residential
1,310
Single Family
1,310
Multi-Family
0
Businesses
28
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