114 Luxford WayCarencroLA70520
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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
Investment property for sale in Carencro at 114 Luxford Way, Carencro, LA, 70520 uses $89,472 cash to close to unlock $8,090/yr annual cash flow and $674/mo monthly cash flow. Total monthly income runs $2,346/mo, and a $1,321/mo payment keeps the spread at $674/mo. Purchase price stands at $269,900, and rental yield measures 10.43% with $2,346/mo rent. Return on cash invested shows 28.95% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 151.37% and total cumulative return in cash records $135,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,346/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 2021
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70520, Carencro, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 6,509 (73.2%) |
| Renter Occupied HU | 1,503 (16.9%) |
| Vacant Housing Units | 884 ( 9.9%) |
| Median Home Value | $236,184 |
| Average Home Value | $289,156 |
Housing Distribution
Address Breakdown
Residential
8,260
Single Family
8,197
Multi-Family
63
Businesses
547
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