319 Prairie RdColumbiaLA71418
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
Rental property for sale in Columbia at 319 Prairie Rd, Columbia, LA, 71418 priced at $340,000 pairs $2,231/mo rent with $125/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,231/mo, and annual cash flow comes to $1,500/yr on $112,710 invested. Return on cash invested is 21.24% in year one, and rental yield stands at 7.87% on a $340,000 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,936 by year five. Five-year ROI measures 109.98% and total cumulative return in cash reaches $123,954. For financing, Ziffy Mortgage’s DSCR program evaluates $2,231/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71418, Columbia, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,172 (100%) |
| Owner Occupied HU | 1,876 (59.1%) |
| Renter Occupied HU | 623 (19.6%) |
| Vacant Housing Units | 673 (21.2%) |
| Median Home Value | $130,282 |
| Average Home Value | $182,193 |
Housing Distribution
Address Breakdown
Residential
2,345
Single Family
2,243
Multi-Family
102
Businesses
231
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