1523 West DrWestwegoLA70094
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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
Investment property for sale in Westwego at 1523 West Dr, Westwego, LA, 70094 uses $63,648 cash to close to unlock $6,617/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $1,741/mo, and a $940/mo payment keeps the spread at $551/mo. Purchase price stands at $192,000, and rental yield measures 10.88% with $1,741/mo rent. Return on cash invested shows 30.3% in year one, and 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 158.64% and total cumulative return in cash records $100,972. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,741/mo property income covering a $940/mo payment rather than investor’s personal income.
Single Family
Built in 1963
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70094, Westwego, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,153 (100%) |
| Owner Occupied HU | 7,662 (58.3%) |
| Renter Occupied HU | 4,035 (30.7%) |
| Vacant Housing Units | 1,456 (11.1%) |
| Median Home Value | $178,255 |
| Average Home Value | $242,467 |
Housing Distribution
Address Breakdown
Residential
13,007
Single Family
12,126
Multi-Family
881
Businesses
497
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