New ListingStrong cash flowing rental in Shreveport. Tenant occupied home generates immediate income and offers excellent returns for investors or first time home buyers seeking affordable living. This home is currently being rented for $800 a month. With a Gross Cap Rate approximately 15.5%, Gross Rent Multiplier approximately 6.5, and estimated Net Cap Rate of 10.5%-12%, this property presents a compelling addition to any investment portfolio, with solid in place cash flow from day one. Please do not disturb tenants. A 24 hour notice is required. Qualifies for down payment assistance programs for eligible owner occupants. Package opportunities with other properties in the area. Contact listing agent for additional details, updated rent rolls, or package information.
| MLS # | 21403645 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 1 |
| Listing Provided By | Diamond Realty & Associates | Desiree Davis |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,263 |
| Car Port | Yes |
| Story(s) | 1 |
| Acreage | 0.15 |
| Room Count | 2 |
|---|---|
| Interior Features | Cable TV Available |
| Appliances | Other |
| Garage Yn | 0 |
|---|---|
| Parking Features | Driveway |
| Utilities | Cable Available, City Sewer, City Water |
|---|
| Unexempt Taxes | 642 |
|---|---|
| Tax Lot | 1 |
| Tax Block | 8 |
| Tax Legal Description | LOT 1 & E. 13.9 FT. OF LOT 2, BLK. 8, PARKHUR |
| State | LA |
|---|---|
| County | Caddo |
| City | Shreveport |
| Zip Code | 71108 |
| Area | Caddo |
| Community Name | Parkhurst Add |
| School District | Caddo PSB |
| Elementary School | Caddo ISD Schools |
| High School | Caddo ISD Schools |
| Listing VS Median (in Parkhurst Add) | |
Price: $62,000 low | high Med: $32,000 sqft: 1,263 low | high Med: 1,268 $ / sqft: $49 low | high Med: $26 On site: 1 low | high Med: 206 | |
| State | LA |
|---|---|
| County | Caddo |
| City | Shreveport |
| Zip Code | 71108 |
| Area | Caddo |
| Community Name | Parkhurst Add |
| School District | Caddo PSB |
| Elementary School | Caddo ISD Schools |
| High School | Caddo ISD Schools |
| Listing VS Median (in Parkhurst Add) | |
Price: $62,000 low | high Med: $32,000 sqft: 1,263 low | high Med: 1,268 $ / sqft: $49 low | high Med: $26 On site: 1 low | high Med: 206 | |