3123 Nelson StAlexandriaLA71301
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
Investment property for sale in Alexandria at 3123 Nelson St, Alexandria, LA, 71301 offers a 6.27% rental yield on a $147,000 purchase with $768/mo rent. 41% in year one. Equity gained on principal adds $949/yr while 5% annual appreciation supports $40,613 over five years. Portfolio math shows five-year ROI at 84.07% and total cumulative return in cash at $40,968. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $768/mo property income against a $719/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71301, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,873 (100%) |
| Owner Occupied HU | 4,024 (40.8%) |
| Renter Occupied HU | 4,255 (43.1%) |
| Vacant Housing Units | 1,594 (16.1%) |
| Median Home Value | $182,872 |
| Average Home Value | $241,638 |
Housing Distribution
Address Breakdown
Residential
8,481
Single Family
7,878
Multi-Family
603
Businesses
1,495
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cathy McCauslin • Sutton Real Estate Agency
Mls Name: GCLRA
Mls ID: #2518133