607 Texas AveAlexandriaLA71301
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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 Alexandria at 607 Texas Ave, Alexandria, LA, 71301 offers a 6.31% rental yield on a $205,900 purchase with $1,082/mo rent. 5% in year one. Equity gained on principal adds $1,329/yr while 5% annual appreciation supports $56,886 over five years. Portfolio math shows five-year ROI at 84.65% and total cumulative return in cash at $57,780. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,082/mo property income against a $1,008/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,361 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71301, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,873 (100%) |
| Owner Occupied HU | 4,024 (40.8%) |
| Renter Occupied HU | 4,255 (43.1%) |
| Vacant Housing Units | 1,594 (16.1%) |
| Median Home Value | $182,872 |
| Average Home Value | $241,638 |
Housing Distribution
Address Breakdown
Residential
8,481
Single Family
7,878
Multi-Family
603
Businesses
1,495
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Listed by: MARIANA HEATON • Mariana Heaton
Mls Name: GCLRA
Mls Provider:
Mls ID: #2497875
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.