3404 Parkway DrAlexandriaLA71301
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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 Alexandria at 3404 Parkway Dr, Alexandria, LA, 71301 generates $1,212/mo in rent and, after a $783/mo payment, leaves $221/mo in cash flow. Total monthly income is $1,212/mo, and annual cash flow is $2,654/yr on $53,007 invested. Return on cash invested sits at 24.92% in year one, and rental yield is 9.1% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 129.78% and total cumulative return in cash sums $68,790. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,212/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.27 Acres 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
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Listed by: SHAWN NUGENT • THE REALTY COMPANY OF LOUISIANA, LLC
Mls Name: GCLRA
Mls ID: #2537724