506 Main StColfaxLA71417
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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
Rental property for sale in Colfax at 506 Main St, Colfax, LA, 71417 generates $0/mo in rent, after a $538/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.5% in year one, and rental yield is 0% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71417, Colfax, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,192 (100%) |
| Owner Occupied HU | 1,450 (66.1%) |
| Renter Occupied HU | 424 (19.3%) |
| Vacant Housing Units | 318 (14.5%) |
| Median Home Value | $125,472 |
| Average Home Value | $185,074 |
Housing Distribution
Address Breakdown
Residential
2,214
Single Family
2,214
Multi-Family
0
Businesses
141
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices