508 Chandler StMindenLA71055
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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 Minden at 508 Chandler St, Minden, LA, 71055 priced at $199,000 converts $1,575/mo rent into $342/mo cash flow after a $974/mo obligation. Total monthly income equals $1,575/mo, and annual cash flow totals $4,108/yr on $65,969 invested. Return on cash invested prints 26.14% in year one, and rental yield reads 9.5% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 136.27% and total cumulative return in cash sums $89,898. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,575/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1960
10,759 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71055, Minden, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,873 (100%) |
| Owner Occupied HU | 5,204 (58.6%) |
| Renter Occupied HU | 2,517 (28.4%) |
| Vacant Housing Units | 1,152 (13.0%) |
| Median Home Value | $129,704 |
| Average Home Value | $170,659 |
Housing Distribution
Address Breakdown
Residential
8,403
Single Family
7,931
Multi-Family
472
Businesses
746
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