119 Actaea StLa PlaceLA70068
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 119 Actaea St, La Place, LA, 70068 in La Place speaks for itself: 13.23% gross on a $185,000 price, generating $2,040/mo in rent and $894/mo in net income after the $832/mo debt service. DSCR 2.45, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $10,728 stacks alongside $51,112 in projected five-year appreciation and $1,704/yr in principal reduction. Projected total cumulative return: $127,697.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.2% | 7.9% |
| Monthly Cash Flow | $894 | $320 |
City averages based on La Place market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,040 |
| Total Monthly Debt Service | $1,072 |
| DSCR Ratio | 1.90x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1989
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
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
Multi Family
Built in 1989
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ched Edler • LATTER & BLUM (LATT21)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2475850
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. [Click here for more information](/info/mls-disclaimers/#mls_250)