304 Coconut Palm DrMadisonvilleLA70447
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 304 Coconut Palm Dr, Madisonville, LA, 70447 in Madisonville deserves attention. This $309,000 property earns $2,338/mo in rent, a 10.49% gross yield, and nets $734/mo after the $1,389/mo payment. DSCR 1.68 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $85,371 compounds alongside $2,846/yr in yearly equity build, for a total cumulative return of $141,764.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 8.0% |
| Monthly Cash Flow | $734 | $250 |
City averages based on Madisonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,338 |
| Total Monthly Debt Service | $1,837 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2013
0.29 Acres lot
$N/A/sqft
$275 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70447, Madisonville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,832 (100%) |
| Owner Occupied HU | 5,928 (86.8%) |
| Renter Occupied HU | 511 ( 7.5%) |
| Vacant Housing Units | 393 ( 5.8%) |
| Median Home Value | $400,856 |
| Average Home Value | $449,623 |
Housing Distribution
Address Breakdown
Residential
6,549
Single Family
6,442
Multi-Family
107
Businesses
430
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
Single Family
Built in 2013
0.29 Acres lot
$N/A/sqft
$275 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70447, Madisonville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,832 (100%) |
| Owner Occupied HU | 5,928 (86.8%) |
| Renter Occupied HU | 511 ( 7.5%) |
| Vacant Housing Units | 393 ( 5.8%) |
| Median Home Value | $400,856 |
| Average Home Value | $449,623 |
Housing Distribution
Address Breakdown
Residential
6,549
Single Family
6,442
Multi-Family
107
Businesses
430
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cory Cheramie • Generations Realty Group, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2497568
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.