354 Highway 1241ColfaxLA71417
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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
Investment property for sale in Colfax at 354 Highway 1241, Colfax, LA, 71417 uses $49,692 cash to close to unlock $3,230/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $1,198/mo, and a $734/mo payment keeps the spread at $269/mo. Purchase price stands at $149,900, and rental yield measures 9.59% with $1,198/mo rent. Return on cash invested shows 26.41% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 137.79% and total cumulative return in cash records $68,471. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,198/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71417, Colfax, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,192 (100%) |
| Owner Occupied HU | 1,450 (66.1%) |
| Renter Occupied HU | 424 (19.3%) |
| Vacant Housing Units | 318 (14.5%) |
| Median Home Value | $125,472 |
| Average Home Value | $185,074 |
Housing Distribution
Address Breakdown
Residential
2,214
Single Family
2,214
Multi-Family
0
Businesses
141
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Listed by: Mary Sonnier • EXP REALTY, LLC
Mls Name: GCLRA
Mls Provider:
Mls ID: #2483712
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.