1050-52 Highway 628La PlaceLA70068
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 La Place at 1050-52 Highway 628, La Place, LA, 70068 generates $2,118/mo in rent and, after a $1,150/mo payment, leaves $663/mo in cash flow. Total monthly income is $2,118/mo, and annual cash flow is $7,950/yr on $77,903 invested. Return on cash invested sits at 30.11% in year one, and rental yield is 10.82% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 157.59% and total cumulative return in cash sums $122,764. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,118/mo property income rather than buyer’s personal income.
Single Family
Built in 1834
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70068, La Place, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,259 (100%) |
| Owner Occupied HU | 9,434 (71.2%) |
| Renter Occupied HU | 2,587 (19.5%) |
| Vacant Housing Units | 1,238 ( 9.3%) |
| Median Home Value | $205,082 |
| Average Home Value | $234,209 |
Housing Distribution
Address Breakdown
Residential
12,920
Single Family
12,439
Multi-Family
481
Businesses
862
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Nearby investment properties with comparable prices
Listed by: Robert Carroll • RE/MAX Select
Mls Name: GSREIN
Mls Provider:
Mls ID: #2506038
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.