1753 Pelican DrWestlakeLA70669
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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 1753 Pelican Dr, Westlake, LA, 70669 offers a 10.41% rental yield on a $318,500 purchase with $2,762/mo rent. Total monthly income registers $2,762/mo, and a $1,559/mo payment leaves $789/mo available for distribution. Annual cash flow reaches $9,467/yr on $105,583 to close, and return on cash invested stands at 28.88% in year one. Equity gained on principal adds $2,055/yr while 5% annual appreciation supports $87,996 over five years. Portfolio math shows five-year ROI at 150.92% and total cumulative return in cash at $159,348. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,762/mo property income against a $1,559/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
6,534 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: Robbie Ingle • Coldwell Banker Ingle Safari R
Mls Name: Greater Southern MLS
Mls ID: #SWL23005194
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.