311 N Fieldspan RdScottLA70583
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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 Scott at 311 N Fieldspan Rd, Scott, LA, 70583 uses $65,306 cash to close to unlock $3,563/yr annual cash flow and $297/mo monthly cash flow. Total monthly income runs $1,517/mo, and a $964/mo payment keeps the spread at $297/mo. Purchase price stands at $197,000, and rental yield measures 9.24% with $1,517/mo rent. Return on cash invested shows 25.36% in year one, and 5% annual appreciation builds toward $54,427 over five years. Five-year ROI reaches 132.1% and total cumulative return in cash records $86,270. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,517/mo property income covering a $964/mo payment rather than investor’s personal income.
Single Family
Built in 1978
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70583, Scott, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,284 (100%) |
| Owner Occupied HU | 3,415 (64.6%) |
| Renter Occupied HU | 1,258 (23.8%) |
| Vacant Housing Units | 611 (11.6%) |
| Median Home Value | $211,772 |
| Average Home Value | $220,934 |
Housing Distribution
Address Breakdown
Residential
5,027
Single Family
4,730
Multi-Family
297
Businesses
724
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