281 Methodist Landing RdNewllanoLA71446
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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 Newllano at 281 Methodist Landing Rd, Newllano, LA, 71446 priced at $120,000 converts $910/mo rent into $167/mo cash flow after a $587/mo obligation. Total monthly income equals $910/mo, and annual cash flow totals $2,004/yr on $39,780 invested. Return on cash invested prints 24.95% in year one, and rental yield reads 9.1% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 129.85% and total cumulative return in cash sums $51,655. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $910/mo property income covering a $587/mo payment, not borrower’s personal income.
Manufactured
Built in 2009
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71446, Leesville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,611 (100%) |
| Owner Occupied HU | 6,133 (52.8%) |
| Renter Occupied HU | 3,531 (30.4%) |
| Vacant Housing Units | 1,947 (16.8%) |
| Median Home Value | $171,108 |
| Average Home Value | $196,862 |
Housing Distribution
Address Breakdown
Residential
10,377
Single Family
9,748
Multi-Family
629
Businesses
795
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