6968 Highway 103WashingtonLA70589
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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 Washington at 6968 Highway 103, Washington, LA, 70589 generates $984/mo in rent, after a $1,101/mo payment. Total monthly income is $984/mo. Return on cash invested sits at 13.32% in year one, and rental yield is 5.25% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 67.54% and total cumulative return in cash sums $50,373. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $984/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70589, Washington, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,710 (100%) |
| Owner Occupied HU | 1,152 (67.4%) |
| Renter Occupied HU | 304 (17.8%) |
| Vacant Housing Units | 254 (14.9%) |
| Median Home Value | $165,446 |
| Average Home Value | $308,236 |
Housing Distribution
Address Breakdown
Residential
1,234
Single Family
1,234
Multi-Family
0
Businesses
67
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Listed by: Lana Soileau • Real Broker, LLC
Mls Name: RAA
Mls ID: #2500003059