121 Dewitt StWestlakeLA70669
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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 Westlake at 121 Dewitt St, Westlake, LA, 70669 generates $1,680/mo in rent and, after a $1,229/mo payment, leaves $125/mo in cash flow. Total monthly income is $1,680/mo, and annual cash flow is $1,496/yr on $83,207 invested. Return on cash invested sits at 21.71% in year one, and rental yield is 8.03% on a $251,000 entry. Equity gained on principal adds $1,620/yr, while 5% annual appreciation builds toward $69,347 over five years. Five-year ROI reaches 112.52% and total cumulative return in cash sums $93,624. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70669, Westlake, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,725 (100%) |
| Owner Occupied HU | 3,043 (64.4%) |
| Renter Occupied HU | 1,019 (21.6%) |
| Vacant Housing Units | 663 (14.0%) |
| Median Home Value | $217,396 |
| Average Home Value | $261,461 |
Housing Distribution
Address Breakdown
Residential
4,095
Single Family
3,727
Multi-Family
368
Businesses
310
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Listed by: Yelena Koehn • RE/MAX ONE
Mls Name: Greater Southern MLS
Mls ID: #SWL24005505
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.