309 Citation DrMadisonvilleLA70447
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
Rental property for sale in Madisonville at 309 Citation Dr, Madisonville, LA, 70447 priced at $358,900 pairs $2,700/mo rent with $440/mo cash flow after a $1,757/mo payment. Total monthly income equals $2,700/mo, and annual cash flow comes to $5,277/yr on $118,975 invested. Return on cash invested is 24.34% in year one, and rental yield stands at 9.03% on a $358,900 basis. Equity gained on principal adds $2,316/yr, and 5% annual appreciation accumulates to $99,157 by year five. Five-year ROI measures 126.77% and total cumulative return in cash reaches $150,828. For financing, Ziffy Mortgage’s DSCR program evaluates $2,700/mo property income against a $1,757/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
0.29 Acres lot
$N/A/sqft
$110 quarterly 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: Lynnette Boudet • LATTER & BLUM (LATT15)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2484785
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