71688 Spike DrMadisonvilleLA70447
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 Madisonville at 71688 Spike Dr, Madisonville, LA, 70447 generates $1,438/mo in rent and, after a $1,029/mo payment, leaves $94/mo in cash flow. Total monthly income is $1,438/mo, and annual cash flow is $1,125/yr on $69,670 invested. Return on cash invested sits at 21.52% in year one, and rental yield is 8.21% on a $210,165 entry. Equity gained on principal adds $1,356/yr, while 5% annual appreciation builds toward $58,065 over five years. Five-year ROI reaches 111.76% and total cumulative return in cash sums $77,863. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,438/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
5,662 sqft lot
$N/A/sqft
$504 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70447, Madisonville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,832 (100%) |
| Owner Occupied HU | 5,928 (86.8%) |
| Renter Occupied HU | 511 ( 7.5%) |
| Vacant Housing Units | 393 ( 5.8%) |
| Median Home Value | $400,856 |
| Average Home Value | $449,623 |
Housing Distribution
Address Breakdown
Residential
6,549
Single Family
6,442
Multi-Family
107
Businesses
430
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Nearby investment properties with comparable prices
Listed by: Saun Sullivan • Cicero Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #NO2025000184
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