166 Smith LnGrand IsleLA70358
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 Grand Isle at 166 Smith Ln, Grand Isle, LA, 70358 offers $1,523/mo rent that, after a $978/mo payment, leaves $285/mo cash flow. Total monthly income is $1,523/mo, and annual cash flow is $3,422/yr on $66,267 cash. Return on cash invested measures 25.07% in year one, and rental yield stands at 9.14% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 130.6% and total cumulative return in cash reaches $86,545. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,523/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70358, Grand Isle, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,776 (100%) |
| Owner Occupied HU | 348 (19.6%) |
| Renter Occupied HU | 85 ( 4.8%) |
| Vacant Housing Units | 1,343 (75.6%) |
| Median Home Value | $288,509 |
| Average Home Value | $291,667 |
Housing Distribution
Address Breakdown
Residential
63
Single Family
63
Multi-Family
0
Businesses
60
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Nearby investment properties with comparable prices
Listed by: Sadie Galiano • Island Realty
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2023013933
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.