588 Hickory Ridge RdLeesvilleLA71446
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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 Leesville at 588 Hickory Ridge Rd, Leesville, LA, 71446 priced at $349,000 pairs $2,542/mo rent with $380/mo cash flow after a $1,708/mo payment. Total monthly income equals $2,542/mo, and annual cash flow comes to $4,564/yr on $115,694 invested. Return on cash invested is 23.85% in year one, and rental yield stands at 8.74% on a $349,000 basis. Equity gained on principal adds $2,252/yr, and 5% annual appreciation accumulates to $96,422 by year five. Five-year ROI measures 124.02% and total cumulative return in cash reaches $143,484. For financing, Ziffy Mortgage’s DSCR program evaluates $2,542/mo property income against a $1,708/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2013
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71446, Leesville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,611 (100%) |
| Owner Occupied HU | 6,133 (52.8%) |
| Renter Occupied HU | 3,531 (30.4%) |
| Vacant Housing Units | 1,947 (16.8%) |
| Median Home Value | $171,108 |
| Average Home Value | $196,862 |
Housing Distribution
Address Breakdown
Residential
10,377
Single Family
9,748
Multi-Family
629
Businesses
795
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