3032 Wallace DrShreveportLA71119
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
Investment property for sale in Shreveport at 3032 Wallace Dr, Shreveport, LA, 71119 uses $75,880 cash to close to unlock $3,293/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,692/mo, and a $1,120/mo payment keeps the spread at $274/mo. Purchase price stands at $228,900, and rental yield measures 8.87% with $1,692/mo rent. Return on cash invested shows 24.25% in year one, and 5% annual appreciation builds toward $63,241 over five years. Five-year ROI reaches 126.16% and total cumulative return in cash records $95,733. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,692/mo property income covering a $1,120/mo payment rather than investor’s personal income.
Single Family
Built in 1965
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71119, Shreveport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,074 (100%) |
| Owner Occupied HU | 3,378 (66.6%) |
| Renter Occupied HU | 1,072 (21.1%) |
| Vacant Housing Units | 624 (12.3%) |
| Median Home Value | $220,928 |
| Average Home Value | $281,949 |
Housing Distribution
Address Breakdown
Residential
5,004
Single Family
4,135
Multi-Family
869
Businesses
136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Drysdale • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20728647
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.