3617 Jones StAlexandriaLA71302
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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 3617 Jones St, Alexandria, LA, 71302 priced at $114,700 converts $1,074/mo rent into $364/mo cash flow after a $561/mo obligation. Total monthly income equals $1,074/mo, and annual cash flow totals $4,367/yr on $38,023 invested. Return on cash invested prints 31.39% in year one, and rental yield reads 11.24% against a $114,700 entry. Equity gained on principal adds $740/yr, while 5% annual appreciation compiles into $31,690 by year five. Five-year ROI reaches 164.42% and total cumulative return in cash sums $62,519. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,074/mo property income covering a $561/mo payment, not borrower’s personal income.
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
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Listed by: DONAVON REDMON • STEVEN SEALE PROPERTIES, LLC
Mls Name: GCLRA
Mls Provider:
Mls ID: #2482885
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