1705 Ridgefield DrLa PlaceLA70068
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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 La Place at 1705 Ridgefield Dr, La Place, LA, 70068 listed at $124,000 pairs $1,068/mo rent with a $607/mo payment to leave $280/mo cash flow. Total monthly income runs $1,068/mo, and annual cash flow reaches $3,356/yr on $41,106 cash to close. Return on cash invested measures 28.07% in year one, and rental yield registers 10.34% at a $124,000 basis. Equity gained on principal adds $800/yr, and annual property appreciation at 5% supports $34,259 by year five. Five-year ROI tracks 146.88% and total cumulative return in cash totals $60,375. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,068/mo property income relative to a $607/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
7,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70068, La Place, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,259 (100%) |
| Owner Occupied HU | 9,434 (71.2%) |
| Renter Occupied HU | 2,587 (19.5%) |
| Vacant Housing Units | 1,238 ( 9.3%) |
| Median Home Value | $205,082 |
| Average Home Value | $234,209 |
Housing Distribution
Address Breakdown
Residential
12,920
Single Family
12,439
Multi-Family
481
Businesses
862
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Listed by: Tammy Randles • Realty Executives SELA
Mls Name: GSREIN
Mls Provider:
Mls ID: #2491004
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.