671 Ward RdBoyceLA71409
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Boyce at 671 Ward Rd, Boyce, LA, 71409 priced at $189,000 converts $1,440/mo rent into $269/mo cash flow after a $925/mo obligation. Total monthly income equals $1,440/mo, and annual cash flow totals $3,232/yr on $62,654 invested. Return on cash invested prints 25.07% in year one, and rental yield reads 9.14% against a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation compiles into $52,217 by year five. Five-year ROI reaches 130.56% and total cumulative return in cash sums $81,802. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $925/mo payment, not borrower’s personal income.
Single Family
Built in 2020
6.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71409, Boyce, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,891 (100%) |
| Owner Occupied HU | 1,960 (67.8%) |
| Renter Occupied HU | 534 (18.5%) |
| Vacant Housing Units | 397 (13.7%) |
| Median Home Value | $205,960 |
| Average Home Value | $226,966 |
Housing Distribution
Address Breakdown
Residential
2,299
Single Family
2,299
Multi-Family
0
Businesses
110
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