802 Silver Spur LnGrand CaneLA71032
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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
Rental property for sale in Grand Cane at 802 Silver Spur Ln, Grand Cane, LA, 71032 priced at $190,000 converts $1,300/mo rent into $123/mo cash flow after a $930/mo obligation. Total monthly income equals $1,300/mo, and annual cash flow totals $1,476/yr on $62,985 invested. Return on cash invested prints 22.25% in year one, and rental yield reads 8.21% against a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,494 by year five. Five-year ROI reaches 115.42% and total cumulative return in cash sums $72,696. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,300/mo property income covering a $930/mo payment, not borrower’s personal income.
Manufactured
Built in 1995
5.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71032, Grand Cane, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,034 (100%) |
| Owner Occupied HU | 733 (70.9%) |
| Renter Occupied HU | 147 (14.2%) |
| Vacant Housing Units | 154 (14.9%) |
| Median Home Value | $205,159 |
| Average Home Value | $238,223 |
Housing Distribution
Address Breakdown
Residential
913
Single Family
913
Multi-Family
0
Businesses
67
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Listed by: Randi Mobley • Southern Quality Real Estate LLC
Mls Name: NTREIS
Mls ID: #21057920