586 Corinth CirBossier CityLA71111
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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 Bossier City at 586 Corinth Cir, Bossier City, LA, 71111 priced at $575,000 converts $3,277/mo rent into after a $2,814/mo obligation. Total monthly income equals $3,277/mo. Return on cash invested prints 18.26% in year one, and rental yield reads 6.84% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 93.95% and total cumulative return in cash sums $177,731. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,277/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 2023
10,628 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71111, Bossier City, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,448 (100%) |
| Owner Occupied HU | 10,533 (51.5%) |
| Renter Occupied HU | 7,988 (39.1%) |
| Vacant Housing Units | 1,927 ( 9.4%) |
| Median Home Value | $277,864 |
| Average Home Value | $323,509 |
Housing Distribution
Address Breakdown
Residential
19,437
Single Family
14,624
Multi-Family
4,813
Businesses
2,115
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Listed by: Melanie Stanfield • Berkshire Hathaway HomeServices Ally Real Estate
Mls Name: NTREIS
Mls ID: #21092521