946 Briscoe RdEltonLA70532
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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 Elton at 946 Briscoe Rd, Elton, LA, 70532 generates $2,322/mo in rent and, after a $1,297/mo payment, leaves $681/mo in cash flow. Total monthly income is $2,322/mo, and annual cash flow is $8,166/yr on $87,848 invested. Return on cash invested sits at 29.2% in year one, and rental yield is 10.51% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 152.71% and total cumulative return in cash sums $134,151. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,322/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
2.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70532, Elton, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,270 (100%) |
| Owner Occupied HU | 856 (67.4%) |
| Renter Occupied HU | 183 (14.4%) |
| Vacant Housing Units | 231 (18.2%) |
| Median Home Value | $106,504 |
| Average Home Value | $138,919 |
Housing Distribution
Address Breakdown
Residential
788
Single Family
773
Multi-Family
15
Businesses
60
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