31378 S River RdVarnadoLA70467
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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 Varnado at 31378 S River Rd, Varnado, LA, 70467 generates $780/mo in rent, after a $830/mo payment. Total monthly income is $780/mo. Return on cash invested sits at 14.14% in year one, and rental yield is 5.52% on a $169,500 entry. Equity gained on principal adds $1,094/yr, while 5% annual appreciation builds toward $46,830 over five years. Five-year ROI reaches 71.92% and total cumulative return in cash sums $40,412. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $780/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
1.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70467, Angie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24 (100%) |
| Owner Occupied HU | 12 (50.0%) |
| Renter Occupied HU | 6 (25.0%) |
| Vacant Housing Units | 6 (25.0%) |
| Median Home Value | $95,000 |
| Average Home Value | $130,625 |
Housing Distribution
Address Breakdown
Residential
18
Single Family
0
Multi-Family
0
Businesses
5
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Listed by: Jacob Cantrell • Doug Rushing Realty
Mls Name: Southwest Mississippi BOR
Mls ID: #144654
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.