121 Luke DrDes AllemandsLA70030
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
Investment Highlights
Rental property for sale in Des Allemands at 121 Luke Dr, Des Allemands, LA, 70030 priced at $300,000 pairs $2,237/mo rent with $379/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,237/mo, and annual cash flow comes to $4,548/yr on $99,450 invested. Return on cash invested is 24.48% in year one, and rental yield stands at 8.95% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 127.35% and total cumulative return in cash reaches $126,648. For financing, Ziffy Mortgage’s DSCR program evaluates $2,237/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
10,114 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70030, Des Allemands, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,881 (100%) |
| Owner Occupied HU | 1,442 (76.7%) |
| Renter Occupied HU | 212 (11.3%) |
| Vacant Housing Units | 227 (12.1%) |
| Median Home Value | $314,192 |
| Average Home Value | $289,690 |
Housing Distribution
Address Breakdown
Residential
1,542
Single Family
1,542
Multi-Family
0
Businesses
44
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jared English • Congress Realty, Inc.
Mls Name: GSREIN
Mls ID: #2535436