502 Scallan 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
Investment property for sale in Alexandria at 502 Scallan St, Alexandria, LA, 71302 offers a 9.34% rental yield on a $100,000 purchase with $778/mo rent. Total monthly income registers $778/mo, and a $489/mo payment leaves $158/mo available for distribution. Annual cash flow reaches $1,894/yr on $33,150 to close, and return on cash invested stands at 25.62% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 133.51% and total cumulative return in cash at $44,260. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $778/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
N/A 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: CATRICE JOHNSON • Johnson & Johnson Realty of Cenla, LLC
Mls Name: GCLRA
Mls Provider:
Mls ID: #2497596
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.