1700 Myrtle 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
Investment property for sale in Westlake at 1700 Myrtle St, Westlake, LA, 70669 uses $41,073 cash to close to unlock $6,359/yr annual cash flow and $530/mo monthly cash flow. Total monthly income runs $1,297/mo, and a $606/mo payment keeps the spread at $530/mo. Purchase price stands at $123,900, and rental yield measures 12.56% with $1,297/mo rent. Return on cash invested shows 35.39% in year one, and 5% annual appreciation builds toward $34,231 over five years. Five-year ROI reaches 185.83% and total cumulative return in cash records $76,328. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,297/mo property income covering a $606/mo payment rather than investor’s personal income.
Single Family
Built in 1997
8,712 sqft 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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