42759 Snapper WayFranklintonLA70438
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
Investment property for sale in Franklinton at 42759 Snapper Way, Franklinton, LA, 70438 listed at $219,500 pairs $1,140/mo rent with a $1,074/mo payment. Total monthly income runs $1,140/mo. Return on cash invested measures 16.29% in year one, and rental yield registers 6.23% at a $219,500 basis. Equity gained on principal adds $1,416/yr, and annual property appreciation at 5% supports $60,644 by year five. Five-year ROI tracks 83.46% and total cumulative return in cash totals $60,730. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,140/mo property income relative to a $1,074/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2008
1.51 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,120
Single Family
8,012
Multi-Family
108
Businesses
581
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Goings • Goings Group Real Estate Services, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2481803
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. [Click here for more information](/info/mls-disclaimers/#mls_250)