807 6th StColfaxLA71417
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Colfax at 807 6th St, Colfax, LA, 71417 priced at $150,000 pairs $1,188/mo rent with $259/mo cash flow after a $734/mo payment. Total monthly income equals $1,188/mo, and annual cash flow comes to $3,108/yr on $49,725 invested. Return on cash invested is 26.16% in year one, and rental yield stands at 9.5% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 136.36% and total cumulative return in cash reaches $67,806. For financing, Ziffy Mortgage’s DSCR program evaluates $1,188/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71417, Colfax, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,192 (100%) |
| Owner Occupied HU | 1,450 (66.1%) |
| Renter Occupied HU | 424 (19.3%) |
| Vacant Housing Units | 318 (14.5%) |
| Median Home Value | $125,472 |
| Average Home Value | $185,074 |
Housing Distribution
Address Breakdown
Residential
2,214
Single Family
2,214
Multi-Family
0
Businesses
141
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Nearby investment properties with comparable prices