1985 Magnolia 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
Investment property for sale in Lafitte at 1985 Magnolia St, Lafitte, LA, 70067 earns $224/mo cash flow from $1,277/mo rent with a $832/mo payment. Total monthly income totals $1,277/mo, and annual cash flow totals $2,690/yr on $56,322 capital. ROI tracks 24.68% on current figures, and rental yield reads 9.02% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 128.54% and total cumulative return in cash sums $72,398. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,277/mo property income instead of your personal income.
Single Family
Built in 2003
6,534 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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Listed by: Brett Terrebonne • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls Provider:
Mls ID: #2490716
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.