509 Hartwood DrAlexandriaLA71303
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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 509 Hartwood Dr, Alexandria, LA, 71303 uses $121,661 cash to close to unlock $5,795/yr annual cash flow and $483/mo monthly cash flow. Total monthly income runs $2,756/mo, and a $1,796/mo payment keeps the spread at $483/mo. Purchase price stands at $367,000, and rental yield measures 9.01% with $2,756/mo rent. Return on cash invested shows 24.67% in year one, and 5% annual appreciation builds toward $101,395 over five years. Five-year ROI reaches 128.38% and total cumulative return in cash records $156,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,756/mo property income covering a $1,796/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71303, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,159 (100%) |
| Owner Occupied HU | 5,516 (54.3%) |
| Renter Occupied HU | 3,475 (34.2%) |
| Vacant Housing Units | 1,168 (11.5%) |
| Median Home Value | $256,404 |
| Average Home Value | $275,068 |
Housing Distribution
Address Breakdown
Residential
9,932
Single Family
8,197
Multi-Family
1,735
Businesses
1,122
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Listed by: JENNIFER BYRD • RITCHIE REAL ESTATE
Mls Name: GCLRA
Mls ID: #2530839