1733 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 1733 Myrtle St, Westlake, LA, 70669 offers a 10.21% rental yield on a $148,900 purchase with $1,267/mo rent. Total monthly income registers $1,267/mo, and a $729/mo payment leaves $339/mo available for distribution. Annual cash flow reaches $4,063/yr on $49,360 to close, and return on cash invested stands at 28.14% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,138 over five years. Portfolio math shows five-year ROI at 147.07% and total cumulative return in cash at $72,597. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,267/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
7,705 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: Elaine Boone • Executive Total Realty, LLC
Mls Name: Greater Southern MLS
Mls ID: #SWL25002833
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.