116 Cedar DrBelle ChasseLA70037
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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 Belle Chasse at 116 Cedar Dr, Belle Chasse, LA, 70037 generates $910/mo in rent and, after a $563/mo payment, leaves $198/mo in cash flow. Total monthly income is $910/mo, and annual cash flow is $2,370/yr on $38,123 invested. Return on cash invested sits at 26.13% in year one, and rental yield is 9.5% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 136.26% and total cumulative return in cash sums $51,945. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $910/mo property income rather than buyer’s personal income.
Manufactured
Built in 1998
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70037, Belle Chasse, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,100 (100%) |
| Owner Occupied HU | 3,816 (62.6%) |
| Renter Occupied HU | 1,832 (30.0%) |
| Vacant Housing Units | 452 ( 7.4%) |
| Median Home Value | $403,320 |
| Average Home Value | $428,728 |
Housing Distribution
Address Breakdown
Residential
6,817
Single Family
6,719
Multi-Family
98
Businesses
754
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Listed by: Laura Toney • Keller Williams Realty Services
Mls Name: GSREIN
Mls Provider:
Mls ID: #2506765
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.