1702 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 1702 Myrtle St, Westlake, LA, 70669 uses $39,747 cash to close to unlock $4,821/yr annual cash flow and $402/mo monthly cash flow. Total monthly income runs $1,163/mo, and a $587/mo payment keeps the spread at $402/mo. Purchase price stands at $119,900, and rental yield measures 11.64% with $1,163/mo rent. Return on cash invested shows 32.04% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 168.13% and total cumulative return in cash records $66,828. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,163/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1977
9,147 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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Listed by: Robert Denison • RE/MAX ONE
Mls Name: Greater Southern MLS
Mls ID: #SWL25001822
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.