2722 Highway 319FranklinLA70538
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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 Franklin at 2722 Highway 319, Franklin, LA, 70538 earns from $1,012/mo rent with a $1,468/mo payment. Total monthly income totals $1,012/mo. ROI tracks 8.93% on current figures, and rental yield reads 4.05% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 44.27% and total cumulative return in cash sums $44,008. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,012/mo property income instead of your personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
$768 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70538, Franklin, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,132 (100%) |
| Owner Occupied HU | 3,596 (58.6%) |
| Renter Occupied HU | 1,387 (22.6%) |
| Vacant Housing Units | 1,149 (18.7%) |
| Median Home Value | $116,865 |
| Average Home Value | $173,059 |
Housing Distribution
Address Breakdown
Residential
5,104
Single Family
4,926
Multi-Family
178
Businesses
463
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Nearby investment properties with comparable prices
Listed by: Taryn Fabacher • Real Broker, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24007708
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. IDX information is provided exclusively for consumers' 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 deemed reliable, but not guaranteed accurate. Data last updated 2024-02-12 10:51:22 PST