6870 Grigg LnGreenwoodLA71033
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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 Greenwood at 6870 Grigg Ln, Greenwood, LA, 71033 at $289,800 posts ROI 10.92% with from $1,080/mo rent. Total monthly income equals $1,080/mo. Return on cash invested measures 10.92% and rental yield reads 4.47% at the current $289,800. Equity gained on principal adds $1,870/yr, and 5% annual appreciation supports $80,066 by year five. Five-year ROI prints 54.69% and total cumulative return in cash totals $52,537. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,080/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71033, Greenwood, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,645 (100%) |
| Owner Occupied HU | 1,211 (73.6%) |
| Renter Occupied HU | 268 (16.3%) |
| Vacant Housing Units | 166 (10.1%) |
| Median Home Value | $271,820 |
| Average Home Value | $317,568 |
Housing Distribution
Address Breakdown
Residential
1,539
Single Family
1,401
Multi-Family
138
Businesses
122
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Listed by: Tammi Montgomery • RE/MAX Real Estate Services
Mls Name: NTREIS
Mls ID: #20931384
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.