512 Melton DrRustonLA71270
Nearby investment properties with comparable rents
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
Investment Highlights
Rental property for sale in Ruston at 512 Melton Dr, Ruston, LA, 71270 priced at $165,000 pairs $1,293/mo rent with $271/mo cash flow after a $808/mo payment. Total monthly income equals $1,293/mo, and annual cash flow comes to $3,246/yr on $54,698 invested. Return on cash invested is 25.84% in year one, and rental yield stands at 9.4% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 134.73% and total cumulative return in cash reaches $73,691. For financing, Ziffy Mortgage’s DSCR program evaluates $1,293/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1986
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71270, Ruston, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,256 (100%) |
| Owner Occupied HU | 6,684 (43.8%) |
| Renter Occupied HU | 6,746 (44.2%) |
| Vacant Housing Units | 1,826 (12.0%) |
| Median Home Value | $233,923 |
| Average Home Value | $263,023 |
Housing Distribution
Address Breakdown
Residential
14,891
Single Family
13,882
Multi-Family
1,009
Businesses
1,277
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices