1209 Romy DrLockportLA70374
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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 Lockport at 1209 Romy Dr, Lockport, LA, 70374 priced at $124,900 converts $947/mo rent into $174/mo cash flow after a $611/mo obligation. Total monthly income equals $947/mo, and annual cash flow totals $2,084/yr on $41,404 invested. Return on cash invested prints 24.94% in year one, and rental yield reads 9.1% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 129.86% and total cumulative return in cash sums $53,770. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $947/mo property income covering a $611/mo payment, not borrower’s personal income.
Single Family
Built in 1979
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70374, Lockport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,982 (100%) |
| Owner Occupied HU | 2,037 (68.3%) |
| Renter Occupied HU | 629 (21.1%) |
| Vacant Housing Units | 316 (10.6%) |
| Median Home Value | $202,352 |
| Average Home Value | $239,572 |
Housing Distribution
Address Breakdown
Residential
2,691
Single Family
2,630
Multi-Family
61
Businesses
178
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Listed by: Jennifer Fialeix • CENTURY 21 Action Realty Inc
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025005279
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. Copyright 2025 ROAM MLS.