609 Mundy LoopColfaxLA71417
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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 Colfax at 609 Mundy Loop, Colfax, LA, 71417 uses $62,952 cash to close to unlock $1,610/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $1,310/mo, and a $929/mo payment keeps the spread at $134/mo. Purchase price stands at $189,900, and rental yield measures 8.28% with $1,310/mo rent. Return on cash invested shows 22.47% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 116.61% and total cumulative return in cash records $73,409. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,310/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 2018
5.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71417, Colfax, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,192 (100%) |
| Owner Occupied HU | 1,450 (66.1%) |
| Renter Occupied HU | 424 (19.3%) |
| Vacant Housing Units | 318 (14.5%) |
| Median Home Value | $125,472 |
| Average Home Value | $185,074 |
Housing Distribution
Address Breakdown
Residential
2,214
Single Family
2,214
Multi-Family
0
Businesses
141
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Listed by: ANGIE SIKES • REAL ESTATE GROUP OF LOUISIANA
Mls Name: GCLRA
Mls Provider:
Mls ID: #2496886
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.