1116 Wiegand DrWestwegoLA70094
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 Westwego at 1116 Wiegand Dr, Westwego, LA, 70094 priced at $165,000 converts $1,302/mo rent into $280/mo cash flow after a $808/mo obligation. Total monthly income equals $1,302/mo, and annual cash flow totals $3,354/yr on $54,698 invested. Return on cash invested prints 26.04% in year one, and rental yield reads 9.47% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 135.8% and total cumulative return in cash sums $74,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,302/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1972
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70094, Westwego, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,153 (100%) |
| Owner Occupied HU | 7,662 (58.3%) |
| Renter Occupied HU | 4,035 (30.7%) |
| Vacant Housing Units | 1,456 (11.1%) |
| Median Home Value | $178,255 |
| Average Home Value | $242,467 |
Housing Distribution
Address Breakdown
Residential
13,007
Single Family
12,126
Multi-Family
881
Businesses
497
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Listed by: Nicole Herrington-Loup • LATTER & BLUM (LATT30)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2476599
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