3591 Highway 608NewelltonLA71357
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 Newellton at 3591 Highway 608, Newellton, LA, 71357 generates $930/mo in rent and, after a $538/mo payment, leaves $249/mo in cash flow. Total monthly income is $930/mo, and annual cash flow is $2,988/yr on $36,465 invested. Return on cash invested sits at 28.1% in year one, and rental yield is 10.15% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 146.77% and total cumulative return in cash sums $53,520. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $930/mo property income rather than buyer’s personal income.
Manufactured
Built in N/A
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71357, Newellton, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,140 (100%) |
| Owner Occupied HU | 506 (44.4%) |
| Renter Occupied HU | 161 (14.1%) |
| Vacant Housing Units | 473 (41.5%) |
| Median Home Value | $116,139 |
| Average Home Value | $245,800 |
Housing Distribution
Address Breakdown
Residential
387
Single Family
387
Multi-Family
0
Businesses
57
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices