3021 Parhams RdJonesvilleLA71343
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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 Jonesville at 3021 Parhams Rd, Jonesville, LA, 71343 offers $1,268/mo rent that, after a $1,258/mo payment. Total monthly income is $1,268/mo. Return on cash invested measures 15.34% in year one, and rental yield stands at 5.92% at a $257,000 entry. Equity gained on principal adds $1,658/yr while 5% annual appreciation compounds into $71,004 by year five. Five-year ROI records 78.36% and total cumulative return in cash reaches $66,756. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,268/mo property income versus a $1,258/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2007
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71343, Jonesville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,563 (100%) |
| Owner Occupied HU | 2,206 (61.9%) |
| Renter Occupied HU | 561 (15.7%) |
| Vacant Housing Units | 796 (22.3%) |
| Median Home Value | $122,538 |
| Average Home Value | $148,866 |
Housing Distribution
Address Breakdown
Residential
3,139
Single Family
3,066
Multi-Family
73
Businesses
241
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Listed by: Carol Cooper • CenLa Premier Real Estate/Lori Dugas
Mls Name: My State MLS
Mls ID: #11330832