304 9th Ave, Franklinton, LA, 70438 | $166/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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304 9th Ave, Franklinton, LA, 70438 | $166/mo Cash Flow | Ziffy

For Sale

Listed for sale 3 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Franklinton at 304 9th Ave, Franklinton, LA, 70438 generates $940/mo in rent and, after a $612/mo payment, leaves $166/mo in cash flow. Total monthly income is $940/mo, and annual cash flow is $1,986/yr on $41,438 invested. Return on cash invested sits at 24.7% in year one, and rental yield is 9.02% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 128.62% and total cumulative return in cash sums $53,297. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $940/mo property income rather than buyer’s personal income.

Single Family

Built in 1965

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

INVESTOR opportunity! Beautiful lot in Babington Subdivision. Private back patio with outdoor fireplace. This home is a succession property and sellers will make no repairs. Restore this home to its original charm. The main hallway and primary bedroom has the original hardwood flooring intact. Formal living room features a bay window and lots of natural light. Separate den with a wood burning fireplace. Formal dining room plus breakfast room. This home is one block from the Washington Parish Fairgrounds. Unlimited potential to become your dream home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 70438, Franklinton, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,351 (100%)
Owner Occupied HU	6,246 (66.8%)
Renter Occupied HU	1,786 (19.1%)
Vacant Housing Units	1,319 (14.1%)
Median Home Value	$175,248
Average Home Value	$220,994