1905 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
Rental property for sale in La Place at 1905 Ridgefield Dr, La Place, LA, 70068 priced at $210,000 converts $1,447/mo rent into $146/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,447/mo, and annual cash flow totals $1,752/yr on $69,615 invested. Return on cash invested prints 22.43% in year one, and rental yield reads 8.27% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 116.32% and total cumulative return in cash sums $80,980. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,447/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1972
8,398 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: Earline Banks • Demand Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499197
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