Fargo Plan, Olde TownAlexandriaLA71303
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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 Alexandria at Fargo Plan, Olde Town, Alexandria, LA, 71303 priced at $266,500 converts $2,327/mo rent into $677/mo cash flow after a $1,304/mo obligation. Total monthly income equals $2,327/mo, and annual cash flow totals $8,119/yr on $88,345 invested. Return on cash invested prints 29.1% in year one, and rental yield reads 10.48% against a $266,500 entry. Equity gained on principal adds $1,720/yr, while 5% annual appreciation compiles into $73,629 by year five. Five-year ROI reaches 152.14% and total cumulative return in cash sums $134,406. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,327/mo property income covering a $1,304/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A 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: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A