8146 Myrtlewood DrGreenwoodLA71033
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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 Greenwood at 8146 Myrtlewood Dr, Greenwood, LA, 71033 uses $125,970 cash to close to unlock $864/yr annual cash flow and $72/mo monthly cash flow. Total monthly income runs $2,426/mo, and a $1,860/mo payment keeps the spread at $72/mo. Purchase price stands at $380,000, and rental yield measures 7.66% with $2,426/mo rent. Return on cash invested shows 20.59% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 106.52% and total cumulative return in cash records $134,185. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,426/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71033, Greenwood, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,645 (100%) |
| Owner Occupied HU | 1,211 (73.6%) |
| Renter Occupied HU | 268 (16.3%) |
| Vacant Housing Units | 166 (10.1%) |
| Median Home Value | $271,820 |
| Average Home Value | $317,568 |
Housing Distribution
Address Breakdown
Residential
1,539
Single Family
1,401
Multi-Family
138
Businesses
122
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