505 Miller StFarmervilleLA71241
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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 Farmerville at 505 Miller St, Farmerville, LA, 71241 uses $37,791 cash to close to unlock $1,966/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $870/mo, and a $558/mo payment keeps the spread at $164/mo. Purchase price stands at $114,000, and rental yield measures 9.16% with $870/mo rent. Return on cash invested shows 25.11% in year one, and 5% annual appreciation builds toward $31,496 over five years. Five-year ROI reaches 130.75% and total cumulative return in cash records $49,411. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $870/mo property income covering a $558/mo payment rather than investor’s personal income.
Single Family
Built in 1936
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71241, Farmerville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,627 (100%) |
| Owner Occupied HU | 3,040 (65.7%) |
| Renter Occupied HU | 897 (19.4%) |
| Vacant Housing Units | 690 (14.9%) |
| Median Home Value | $165,173 |
| Average Home Value | $197,359 |
Housing Distribution
Address Breakdown
Residential
4,517
Single Family
4,457
Multi-Family
60
Businesses
391
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Listed by: Joseph Booth • Booth Realty, LLC
Mls Name: NELAR
Mls ID: #216106