319 Ford StReevesLA70658
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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 Reeves at 319 Ford St, Reeves, LA, 70658 priced at $210,000 converts $1,694/mo rent into $393/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,694/mo, and annual cash flow totals $4,716/yr on $69,615 invested. Return on cash invested prints 26.68% in year one, and rental yield reads 9.68% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 139.16% and total cumulative return in cash sums $96,880. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,694/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70658, Reeves, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 547 (100%) |
| Owner Occupied HU | 386 (70.6%) |
| Renter Occupied HU | 55 (10.1%) |
| Vacant Housing Units | 106 (19.4%) |
| Median Home Value | $126,754 |
| Average Home Value | $163,938 |
Housing Distribution
Address Breakdown
Residential
365
Single Family
365
Multi-Family
0
Businesses
13
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