116 Matthew DrLa PlaceLA70068
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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 La Place at 116 Matthew Dr, La Place, LA, 70068 listed at $279,999 pairs $2,311/mo rent with a $1,370/mo payment to leave $577/mo cash flow. Total monthly income runs $2,311/mo, and annual cash flow reaches $6,924/yr on $92,820 cash to close. Return on cash invested measures 27.37% in year one, and rental yield registers 9.9% at a $279,999 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 142.84% and total cumulative return in cash totals $132,584. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,311/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
N/A 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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Listed by: Jack Harris • Pelican State Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2478242
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