814 Lafitte DrAlexandriaLA71302
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 Alexandria at 814 Lafitte Dr, Alexandria, LA, 71302 priced at $169,900 pairs $1,260/mo rent with $207/mo cash flow after a $832/mo payment. Total monthly income equals $1,260/mo, and annual cash flow comes to $2,486/yr on $56,322 invested. Return on cash invested is 24.32% in year one, and rental yield stands at 8.9% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 126.6% and total cumulative return in cash reaches $71,306. For financing, Ziffy Mortgage’s DSCR program evaluates $1,260/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71302, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,259 (100%) |
| Owner Occupied HU | 3,014 (48.2%) |
| Renter Occupied HU | 2,361 (37.7%) |
| Vacant Housing Units | 884 (14.1%) |
| Median Home Value | $142,655 |
| Average Home Value | $173,565 |
Housing Distribution
Address Breakdown
Residential
5,648
Single Family
5,294
Multi-Family
354
Businesses
383
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ASHLEY BONIFIELD • KELLER WILLIAMS REALTY CENLA PARTNERS
Mls Name: GCLRA
Mls ID: #2524082