273 Mahaffey RdPrincetonLA71067
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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 Princeton at 273 Mahaffey Rd, Princeton, LA, 71067 uses $72,930 cash to close to unlock $2,748/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $1,592/mo, and a $1,077/mo payment keeps the spread at $229/mo. Purchase price stands at $220,000, and rental yield measures 8.68% with $1,592/mo rent. Return on cash invested shows 23.68% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 123.04% and total cumulative return in cash records $89,735. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,592/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71067, Princeton, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,410 (100%) |
| Owner Occupied HU | 1,007 (71.4%) |
| Renter Occupied HU | 232 (16.5%) |
| Vacant Housing Units | 171 (12.1%) |
| Median Home Value | $158,194 |
| Average Home Value | $170,390 |
Housing Distribution
Address Breakdown
Residential
1,319
Single Family
1,285
Multi-Family
34
Businesses
82
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