311 Summit StMindenLA71055
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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 Minden at 311 Summit St, Minden, LA, 71055 with 5% annual appreciation on a $170,000 basis while $1,256/mo rent supports operations. Total monthly income totals $1,256/mo and a $832/mo payment preserves $203/mo for cash returns. Annual cash flow comes to $2,436/yr on $56,355 deployed, and return on cash invested reaches 24.23% in year one. Equity gained on principal adds $1,097/yr, and five-year appreciation sums $46,968 alongside rental yield of 8.87%. Five-year ROI measures 126.01% and total cumulative return in cash totals $71,013.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,256/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1944
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71055, Minden, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,873 (100%) |
| Owner Occupied HU | 5,204 (58.6%) |
| Renter Occupied HU | 2,517 (28.4%) |
| Vacant Housing Units | 1,152 (13.0%) |
| Median Home Value | $129,704 |
| Average Home Value | $170,659 |
Housing Distribution
Address Breakdown
Residential
8,403
Single Family
7,931
Multi-Family
472
Businesses
746
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Listed by: Ethan Blakeley • LA State Realty, LLC
Mls Name: NTREIS
Mls ID: #20980222
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.