151 Barrilleaux StLockportLA70374
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 151 Barrilleaux St, Lockport, LA, 70374 in Lockport is listed at $179,000 and delivers $1,399/mo in rent and $290/mo in net monthly cash flow. The 9.38% yield and 1.74 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $49,454 over five years, and $1,649/yr in principal reduction supplements cash return. Total projected cumulative return: $86,583.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 8.0% |
| Monthly Cash Flow | $290 | $350 |
City averages based on Lockport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,399 |
| Total Monthly Debt Service | $1,038 |
| DSCR Ratio | 1.35x |
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.
Single Family
Built in 1965
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
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
Single Family
Built in 1965
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices