7423 Flatwood DrGreenwoodLA71033
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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 7423 Flatwood Dr, Greenwood, LA, 71033 with 5% annual appreciation on a $224,000 basis while $2,208/mo rent supports operations. Total monthly income totals $2,208/mo and a $1,096/mo payment preserves $821/mo for cash returns. Annual cash flow comes to $9,850/yr on $74,256 deployed, and return on cash invested reaches 33.17% in year one. Equity gained on principal adds $1,445/yr, and five-year appreciation sums $61,887 alongside rental yield of 11.83%. Five-year ROI measures 173.98% and total cumulative return in cash totals $129,187.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,208/mo property income versus a $1,096/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
1.05 Acres 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: Kerry Friestad • Friestad Realty
Mls Name: NTREIS
Mls ID: #20817575
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.