618 Balmoral DrShreveportLA71106
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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 Shreveport at 618 Balmoral Dr, Shreveport, LA, 71106 priced at $327,500 converts $2,282/mo rent into $253/mo cash flow after a $1,603/mo obligation. Total monthly income equals $2,282/mo, and annual cash flow totals $3,039/yr on $108,566 invested. Return on cash invested prints 22.71% in year one, and rental yield reads 8.36% against a $327,500 entry. Equity gained on principal adds $2,113/yr, while 5% annual appreciation compiles into $90,482 by year five. Five-year ROI reaches 117.9% and total cumulative return in cash sums $127,998. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,282/mo property income covering a $1,603/mo payment, not borrower’s personal income.
Single Family
Built in 1975
10,628 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71106, Shreveport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,499 (100%) |
| Owner Occupied HU | 9,278 (59.9%) |
| Renter Occupied HU | 4,316 (27.8%) |
| Vacant Housing Units | 1,905 (12.3%) |
| Median Home Value | $302,639 |
| Average Home Value | $392,509 |
Housing Distribution
Address Breakdown
Residential
15,053
Single Family
14,136
Multi-Family
917
Businesses
1,341
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Listed by: Carolyn Mills • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #21015197