60 Doris LnConverseLA71419
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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 Converse at 60 Doris Ln, Converse, LA, 71419 uses $97,759 cash to close to unlock $1,832/yr annual cash flow and $153/mo monthly cash flow. Total monthly income runs $1,979/mo, and a $1,443/mo payment keeps the spread at $153/mo. Purchase price stands at $294,900, and rental yield measures 8.05% with $1,979/mo rent. Return on cash invested shows 21.78% in year one, and 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 112.9% and total cumulative return in cash records $110,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,979/mo property income covering a $1,443/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71419, Converse, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,082 (100%) |
| Owner Occupied HU | 688 (63.6%) |
| Renter Occupied HU | 138 (12.8%) |
| Vacant Housing Units | 256 (23.7%) |
| Median Home Value | $114,412 |
| Average Home Value | $195,799 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
956
Multi-Family
0
Businesses
32
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