87 Ragan DrAlexandriaLA71303
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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 Alexandria at 87 Ragan Dr, Alexandria, LA, 71303 uses $75,416 cash to close to unlock $1,539/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $1,537/mo, and a $1,114/mo payment keeps the spread at $128/mo. Purchase price stands at $227,500, and rental yield measures 8.11% with $1,537/mo rent. Return on cash invested shows 21.95% in year one, and 5% annual appreciation builds toward $62,854 over five years. Five-year ROI reaches 113.83% and total cumulative return in cash records $85,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $1,114/mo payment rather than investor’s personal income.
Single Family
Built in 1984
9,770 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71303, Alexandria, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,159 (100%) |
| Owner Occupied HU | 5,516 (54.3%) |
| Renter Occupied HU | 3,475 (34.2%) |
| Vacant Housing Units | 1,168 (11.5%) |
| Median Home Value | $256,404 |
| Average Home Value | $275,068 |
Housing Distribution
Address Breakdown
Residential
9,932
Single Family
8,197
Multi-Family
1,735
Businesses
1,122
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Listed by: Richard Beck • KELLER WILLIAMS REALTY CENLA PARTNERS
Mls Name: GCLRA
Mls Provider:
Mls ID: #2496961
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.