608 Terra AveAlexandriaLA71303
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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 Alexandria at 608 Terra Ave, Alexandria, LA, 71303 priced at $230,000 pairs $1,908/mo rent with $483/mo cash flow after a $1,126/mo payment. Total monthly income equals $1,908/mo, and annual cash flow comes to $5,796/yr on $76,245 invested. Return on cash invested is 27.51% in year one, and rental yield stands at 9.95% on a $230,000 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,545 by year five. Five-year ROI measures 143.59% and total cumulative return in cash reaches $109,483. For financing, Ziffy Mortgage’s DSCR program evaluates $1,908/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71303, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,159 (100%) |
| Owner Occupied HU | 5,516 (54.3%) |
| Renter Occupied HU | 3,475 (34.2%) |
| Vacant Housing Units | 1,168 (11.5%) |
| Median Home Value | $256,404 |
| Average Home Value | $275,068 |
Housing Distribution
Address Breakdown
Residential
9,932
Single Family
8,197
Multi-Family
1,735
Businesses
1,122
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Listed by: Katie Vanderlick • THE TRISH LELEUX GROUP
Mls Name: GCLRA
Mls ID: #2527779