38036 Mike Fisher Rd, Franklinton, LA, 70438 | 6.25% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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38036 Mike Fisher Rd, Franklinton, LA, 70438 | 6.25% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Franklinton at 38036 Mike Fisher Rd, Franklinton, LA, 70438 earns from $1,140/mo rent with a $1,072/mo payment. Total monthly income totals $1,140/mo. ROI tracks 16.33% on current figures, and rental yield reads 6.25% at a $219,000 purchase. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 over five years. Five-year ROI reaches 83.68% and total cumulative return in cash sums $60,753. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,140/mo property income instead of your personal income.

Single Family

Built in 2022

5 Acres lot

$N/A/sqft

No HOA

More details about the property

This three-year-old modular home offers 4 bedrooms, 2 baths, and an open concept layout with great natural light. A large front porch overlooks 5 picturesque acres in Flood Zone X, giving you plenty of space to spread out and enjoy the setting. The property also includes a structure with a metal roof that could easily be converted into a shed/shop. With blacktop road frontage and an easy thirty-minute drive to Covington, the location is convenient while still feeling private. Book your private showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 70438, Franklinton, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,351 (100%)
Owner Occupied HU	6,246 (66.8%)
Renter Occupied HU	1,786 (19.1%)
Vacant Housing Units	1,319 (14.1%)
Median Home Value	$175,248
Average Home Value	$220,994