71696 Spike DrMadisonvilleLA70447
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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 Madisonville at 71696 Spike Dr, Madisonville, LA, 70447 offers a 8.14% rental yield on a $210,165 purchase with $1,426/mo rent. Total monthly income registers $1,426/mo, and a $1,029/mo payment leaves $82/mo available for distribution. Annual cash flow reaches $981/yr on $69,670 to close, and return on cash invested stands at 21.32% in year one. Equity gained on principal adds $1,356/yr while 5% annual appreciation supports $58,065 over five years. Portfolio math shows five-year ROI at 110.68% and total cumulative return in cash at $77,107. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,426/mo property income against a $1,029/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
1,742 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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Listed by: Saun Sullivan • Cicero Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #NO2025000512
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. [Click here for more information](/info/mls-disclaimers/#mls_250)