304 Coconut Palm DrMadisonvilleLA70447
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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
Investment property for sale in Madisonville at 304 Coconut Palm Dr, Madisonville, LA, 70447 with 5% annual appreciation on a $309,000 basis while $2,338/mo rent supports operations. Total monthly income totals $2,338/mo and a $1,512/mo payment preserves $378/mo for cash returns. Annual cash flow comes to $4,542/yr on $102,434 deployed, and return on cash invested reaches 24.34% in year one. Equity gained on principal adds $1,994/yr, and five-year appreciation sums $85,371 alongside rental yield of 9.08%. Five-year ROI measures 126.84% and total cumulative return in cash totals $129,929.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,338/mo property income versus a $1,512/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
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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.