498 Forest AveMansfieldLA71052
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 Mansfield at 498 Forest Ave, Mansfield, LA, 71052 offers $1,168/mo rent that, after a $710/mo payment, leaves $270/mo cash flow. Total monthly income is $1,168/mo, and annual cash flow is $3,234/yr on $48,068 cash. Return on cash invested measures 26.64% in year one, and rental yield stands at 9.67% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 138.97% and total cumulative return in cash reaches $66,800. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,168/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71052, Mansfield, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,652 (100%) |
| Owner Occupied HU | 2,428 (52.2%) |
| Renter Occupied HU | 1,427 (30.7%) |
| Vacant Housing Units | 797 (17.1%) |
| Median Home Value | $106,305 |
| Average Home Value | $152,389 |
Housing Distribution
Address Breakdown
Residential
4,147
Single Family
4,043
Multi-Family
104
Businesses
448
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Listed by: Cindy Taylor • T & T Realty LLC
Mls Name: NTREIS
Mls ID: #20653522
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.