302 Princeton RdPrincetonLA71067
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Princeton at 302 Princeton Rd, Princeton, LA, 71067 offers $1,474/mo rent that, after a $1,028/mo payment, leaves $173/mo cash flow. Total monthly income is $1,474/mo, and annual cash flow is $2,076/yr on $69,615 cash. Return on cash invested measures 22.89% in year one, and rental yield stands at 8.42% at a $210,000 entry. Equity gained on principal adds $1,355/yr while 5% annual appreciation compounds into $58,019 by year five. Five-year ROI records 118.82% and total cumulative return in cash reaches $82,720. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,474/mo property income versus a $1,028/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
5 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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