Hoffman IV G Plan, TraditionsGramblingLA71245
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Grambling at Hoffman IV G Plan, Traditions, Grambling, LA, 71245 priced at $230,990 converts $1,621/mo rent into $190/mo cash flow after a $1,131/mo obligation. Total monthly income equals $1,621/mo, and annual cash flow totals $2,277/yr on $76,573 invested. Return on cash invested prints 22.88% in year one, and rental yield reads 8.42% against a $230,990 entry. Equity gained on principal adds $1,491/yr, while 5% annual appreciation compiles into $63,818 by year five. Five-year ROI reaches 118.8% and total cumulative return in cash sums $90,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,621/mo property income covering a $1,131/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: 71245, Grambling, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,357 (100%) |
| Owner Occupied HU | 469 (34.6%) |
| Renter Occupied HU | 655 (48.3%) |
| Vacant Housing Units | 233 (17.2%) |
| Median Home Value | $135,833 |
| Average Home Value | $132,196 |
Housing Distribution
Address Breakdown
Residential
1,075
Single Family
1,075
Multi-Family
0
Businesses
113
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