1923 Palmetto StLafitteLA70067
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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 Lafitte at 1923 Palmetto St, Lafitte, LA, 70067 generates $2,268/mo in rent and, after a $1,121/mo payment, leaves $849/mo in cash flow. Total monthly income is $2,268/mo, and annual cash flow is $10,192/yr on $75,914 invested. Return on cash invested sits at 33.33% in year one, and rental yield is 11.88% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 174.9% and total cumulative return in cash sums $132,773. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,268/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70067, Lafitte, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,187 (100%) |
| Owner Occupied HU | 909 (76.6%) |
| Renter Occupied HU | 133 (11.2%) |
| Vacant Housing Units | 145 (12.2%) |
| Median Home Value | $324,028 |
| Average Home Value | $335,941 |
Housing Distribution
Address Breakdown
Residential
1,043
Single Family
1,043
Multi-Family
0
Businesses
56
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