802 McCormick StShreveportLA71104
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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 Shreveport at 802 McCormick St, Shreveport, LA, 71104 with 5% annual appreciation on a $250,000 basis while $1,859/mo rent supports operations. Total monthly income totals $1,859/mo and a $1,224/mo payment preserves $233/mo for cash returns. Annual cash flow comes to $2,793/yr on $82,875 deployed, and return on cash invested reaches 23.28% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,070 alongside rental yield of 8.92%. Five-year ROI measures 121.32% and total cumulative return in cash totals $100,546.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,859/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1938
7,535 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71104, Shreveport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,676 (100%) |
| Owner Occupied HU | 2,960 (38.6%) |
| Renter Occupied HU | 3,387 (44.1%) |
| Vacant Housing Units | 1,329 (17.3%) |
| Median Home Value | $165,960 |
| Average Home Value | $225,565 |
Housing Distribution
Address Breakdown
Residential
7,368
Single Family
6,018
Multi-Family
1,350
Businesses
517
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Listed by: Shelly Wagner • Shelly Wagner & Associates + JPAR Real Estate
Mls Name: NTREIS
Mls ID: #20868167
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.