508 Myrtle Grove RdJacksonLA70748
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 508 Myrtle Grove Rd, Jackson, LA, 70748 in Jackson. Rental yield 0%. At $445,000 with 0% gross yield, current distributions are modest, but the 5% appreciation rate projects $122,945 in new equity by year five, complemented by $4,098/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.00) allows non-U.S. residents to acquire without W-2s or domestic credit.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 8.0% |
| Monthly Cash Flow | $0 | $350 |
City averages based on Jackson market data in our database. Property projections are estimates.
Single Family
Built in 2004
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70748, Jackson, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,923 (100%) |
| Owner Occupied HU | 1,168 (60.7%) |
| Renter Occupied HU | 355 (18.5%) |
| Vacant Housing Units | 400 (20.8%) |
| Median Home Value | $225,000 |
| Average Home Value | $273,452 |
Housing Distribution
Address Breakdown
Residential
1,429
Single Family
1,429
Multi-Family
0
Businesses
117
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Single Family
Built in 2004
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70748, Jackson, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,923 (100%) |
| Owner Occupied HU | 1,168 (60.7%) |
| Renter Occupied HU | 355 (18.5%) |
| Vacant Housing Units | 400 (20.8%) |
| Median Home Value | $225,000 |
| Average Home Value | $273,452 |
Housing Distribution
Address Breakdown
Residential
1,429
Single Family
1,429
Multi-Family
0
Businesses
117
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices