8034 Mira Myrtis RdMiraLA71044
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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 Mira at 8034 Mira Myrtis Rd, Mira, LA, 71044 uses $104,423 cash to close to unlock $5,934/yr annual cash flow and $495/mo monthly cash flow. Total monthly income runs $2,446/mo, and a $1,542/mo payment keeps the spread at $495/mo. Purchase price stands at $315,000, and rental yield measures 9.32% with $2,446/mo rent. Return on cash invested shows 25.59% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 133.34% and total cumulative return in cash records $139,241. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,446/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1965
2.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71044, Ida, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 395 (100%) |
| Owner Occupied HU | 269 (68.1%) |
| Renter Occupied HU | 31 ( 7.8%) |
| Vacant Housing Units | 95 (24.1%) |
| Median Home Value | $150,868 |
| Average Home Value | $159,572 |
Housing Distribution
Address Breakdown
Residential
326
Single Family
326
Multi-Family
0
Businesses
20
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