8346 Kelly LnGreenwoodLA71033
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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
Rental property for sale in Greenwood at 8346 Kelly Ln, Greenwood, LA, 71033 offers $2,082/mo rent that, after a $1,738/mo payment. Total monthly income is $2,082/mo. Return on cash invested measures 18.71% in year one, and rental yield stands at 7.04% at a $355,000 entry. Equity gained on principal adds $2,291/yr while 5% annual appreciation compounds into $98,080 by year five. Five-year ROI records 96.43% and total cumulative return in cash reaches $113,484. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,082/mo property income versus a $1,738/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
1.01 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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Listed by: June Alexander • RE/MAX Real Estate Services
Mls Name: NTREIS
Mls ID: #20739199
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.