722 Iatt Dam RdColfaxLA71417
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 722 Iatt Dam Rd, Colfax, LA, 71417 in Colfax is narrow, $76/mo net on $1,315/mo rent after the $899/mo debt service, but the property operates at break-even-plus, not a loss. At $200,000 with a 7.89% yield, the long-run equity case via 5% appreciation ($55,256 over five years) and $1,842/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.46 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $80,759.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 8.0% |
| Monthly Cash Flow | $76 | $150 |
City averages based on Colfax market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,315 |
| Total Monthly Debt Service | $1,159 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2008
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71417, Colfax, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,192 (100%) |
| Owner Occupied HU | 1,450 (66.1%) |
| Renter Occupied HU | 424 (19.3%) |
| Vacant Housing Units | 318 (14.5%) |
| Median Home Value | $125,472 |
| Average Home Value | $185,074 |
Housing Distribution
Address Breakdown
Residential
2,214
Single Family
2,214
Multi-Family
0
Businesses
141
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
Single Family
Built in 2008
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71417, Colfax, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,192 (100%) |
| Owner Occupied HU | 1,450 (66.1%) |
| Renter Occupied HU | 424 (19.3%) |
| Vacant Housing Units | 318 (14.5%) |
| Median Home Value | $125,472 |
| Average Home Value | $185,074 |
Housing Distribution
Address Breakdown
Residential
2,214
Single Family
2,214
Multi-Family
0
Businesses
141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices