948 Elmwood StShreveportLA71104
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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 Shreveport at 948 Elmwood St, Shreveport, LA, 71104 offers a 10.51% rental yield on a $215,000 purchase with $1,883/mo rent. Total monthly income registers $1,883/mo, and a $1,052/mo payment leaves $552/mo available for distribution. Annual cash flow reaches $6,618/yr on $71,273 to close, and return on cash invested stands at 29.19% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 152.68% and total cumulative return in cash at $108,817. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,883/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71104, Shreveport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,676 (100%) |
| Owner Occupied HU | 2,960 (38.6%) |
| Renter Occupied HU | 3,387 (44.1%) |
| Vacant Housing Units | 1,329 (17.3%) |
| Median Home Value | $165,960 |
| Average Home Value | $225,565 |
Housing Distribution
Address Breakdown
Residential
7,368
Single Family
6,018
Multi-Family
1,350
Businesses
517
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Listed by: Stephanie Maynard • Century 21 Elite
Mls Name: NTREIS
Mls ID: #21114319