319 Canvas Back DrPrincetonLA71067
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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 Princeton at 319 Canvas Back Dr, Princeton, LA, 71067 priced at $209,000 converts $1,740/mo rent into $445/mo cash flow after a $1,023/mo obligation. Total monthly income equals $1,740/mo, and annual cash flow totals $5,344/yr on $69,284 invested. Return on cash invested prints 27.62% in year one, and rental yield reads 9.99% against a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation compiles into $57,743 by year five. Five-year ROI reaches 144.26% and total cumulative return in cash sums $99,950. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $1,023/mo payment, not borrower’s personal income.
Manufactured
Built in 2011
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71067, Princeton, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,410 (100%) |
| Owner Occupied HU | 1,007 (71.4%) |
| Renter Occupied HU | 232 (16.5%) |
| Vacant Housing Units | 171 (12.1%) |
| Median Home Value | $158,194 |
| Average Home Value | $170,390 |
Housing Distribution
Address Breakdown
Residential
1,319
Single Family
1,285
Multi-Family
34
Businesses
82
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Listed by: Tammie Harris • Rachel & Co. Realty
Mls Name: NTREIS
Mls ID: #20941988
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.