56 Madison DrNobleLA71462
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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 Noble at 56 Madison Dr, Noble, LA, 71462 offers a 4.85% rental yield on a $275,000 purchase with $1,112/mo rent. 12% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 61.12% and total cumulative return in cash at $55,715. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,112/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2020
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71462, Noble, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,015 (100%) |
| Owner Occupied HU | 583 (57.4%) |
| Renter Occupied HU | 102 (10.0%) |
| Vacant Housing Units | 330 (32.5%) |
| Median Home Value | $109,491 |
| Average Home Value | $175,485 |
Housing Distribution
Address Breakdown
Residential
700
Single Family
695
Multi-Family
5
Businesses
19
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Listed by: Stacey Simmons • Keller Williams Northwest
Mls Name: NTREIS
Mls ID: #20884941
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.