0 State Highway 15LettsworthLA70753
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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 Lettsworth at 0 State Highway 15, Lettsworth, LA, 70753 priced at $1,100,000 converts $1,278/mo rent into after a $5,384/mo obligation. Total monthly income equals $1,278/mo. Return on cash invested prints 1.73% in year one, and rental yield reads 1.39% against a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation compiles into $303,910 by year five. Five-year ROI reaches 5.26% and total cumulative return in cash sums $18,763. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,278/mo property income covering a $5,384/mo payment, not borrower’s personal income.
Single Family
Built in N/A
340 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70753, Lettsworth, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 368 (100%) |
| Owner Occupied HU | 240 (65.2%) |
| Renter Occupied HU | 47 (12.8%) |
| Vacant Housing Units | 81 (22.0%) |
| Median Home Value | $90,588 |
| Average Home Value | $133,000 |
Housing Distribution
Address Breakdown
Residential
305
Single Family
305
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Brandon Wilkins • America's Land Partners
Mls Name: REALSTACK
Mls ID: #256-93446