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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Franklinton at 802 Varnado St, Franklinton, LA, 70438 priced at $112,000 converts $884/mo rent into $190/mo cash flow after a $548/mo obligation. Total monthly income equals $884/mo, and annual cash flow totals $2,285/yr on $37,128 invested. Return on cash invested prints 26.06% in year one, and rental yield reads 9.47% against a $112,000 entry. Equity gained on principal adds $723/yr, while 5% annual appreciation compiles into $30,944 by year five. Five-year ROI reaches 135.92% and total cumulative return in cash sums $50,463. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $884/mo property income covering a $548/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 70438, Franklinton, LA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,351 (100%) |
| Owner Occupied HU | 6,246 (66.8%) |
| Renter Occupied HU | 1,786 (19.1%) |
| Vacant Housing Units | 1,319 (14.1%) |
| Median Home Value | $175,248 |
| Average Home Value | $220,994 |
Residential
8,120
Single Family
8,012
Multi-Family
108
Businesses
581
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Vickie Garafola • Keller Williams Realty Services
Mls Name: GSREIN
Mls ID: #2505147
