Note for sale
Note Sale · Secured by Single Family · Ruston, LA
1809 Northpointe Ln, Ruston, LA · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units2
Beds / baths4 / 2
Living area2,652 sqft
Lot0.12 acres
Year built1940
About this deal
Performing mortgage note secured by a single-family home located at 1809 Northpointe Ln, Ruston, LA. Face value $105,000. Note is current; borrower paying on time with a solid equity cushion. Ideal for note investors seeking passive income backed by real property collateral.
The numbers
- Cap rate
- 4.5%
- Net operating income
- $24,600/yr
- Cash flow
- +$2,050/mo
- Occupancy
- 1 of 2 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.