306 Floyd StAlexandriaLA71303
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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 Alexandria at 306 Floyd St, Alexandria, LA, 71303 priced at $155,000 converts $1,106/mo rent into $146/mo cash flow after a $759/mo obligation. Total monthly income equals $1,106/mo, and annual cash flow totals $1,746/yr on $51,383 invested. Return on cash invested prints 23.31% in year one, and rental yield reads 8.56% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 121.12% and total cumulative return in cash sums $62,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,106/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71303, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,159 (100%) |
| Owner Occupied HU | 5,516 (54.3%) |
| Renter Occupied HU | 3,475 (34.2%) |
| Vacant Housing Units | 1,168 (11.5%) |
| Median Home Value | $256,404 |
| Average Home Value | $275,068 |
Housing Distribution
Address Breakdown
Residential
9,932
Single Family
8,197
Multi-Family
1,735
Businesses
1,122
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Listed by: DAVID MOSES • RITCHIE REAL ESTATE
Mls Name: GCLRA
Mls ID: #2515301