3617 Jones StAlexandriaLA71302
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow3617 Jones St, Alexandria, LA, 71302 in Alexandria is a solid income-producing rental, 11.24% gross yield, $1,074/mo rent, $363/mo net cash flow on a $114,700 buy. DSCR 2.08 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $31,690 and $1,056/yr in principal reduction project a total cumulative return of $66,872.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.2% |
| Monthly Cash Flow | $363 | $350 |
City averages based on Alexandria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,074 |
| Total Monthly Debt Service | $665 |
| DSCR Ratio | 1.62x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2022
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71302, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,259 (100%) |
| Owner Occupied HU | 3,014 (48.2%) |
| Renter Occupied HU | 2,361 (37.7%) |
| Vacant Housing Units | 884 (14.1%) |
| Median Home Value | $142,655 |
| Average Home Value | $173,565 |
Housing Distribution
Address Breakdown
Residential
5,648
Single Family
5,294
Multi-Family
354
Businesses
383
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
Townhouse
Built in 2022
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71302, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,259 (100%) |
| Owner Occupied HU | 3,014 (48.2%) |
| Renter Occupied HU | 2,361 (37.7%) |
| Vacant Housing Units | 884 (14.1%) |
| Median Home Value | $142,655 |
| Average Home Value | $173,565 |
Housing Distribution
Address Breakdown
Residential
5,648
Single Family
5,294
Multi-Family
354
Businesses
383
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DONAVON REDMON • STEVEN SEALE PROPERTIES, LLC
Mls Name: GCLRA
Mls Provider:
Mls ID: #2482885
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.