1985 Magnolia StLafitteLA70067
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1985 Magnolia St, Lafitte, LA, 70067 in Lafitte is a solid income-producing rental, 9.02% gross yield, $1,277/mo rent, $225/mo net cash flow on a $169,900 buy. DSCR 1.67 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $46,940 and $1,565/yr in principal reduction project a total cumulative return of $78,927.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 7.0% |
| Monthly Cash Flow | $225 | $600 |
City averages based on Lafitte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,277 |
| Total Monthly Debt Service | $985 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.