2043 False River DrNew RoadsLA70760
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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 New Roads at 2043 False River Dr, New Roads, LA, 70760 offers a 2.38% rental yield on a $1,499,000 purchase with $2,976/mo rent. 78% in year one. Equity gained on principal adds $9,673/yr while 5% annual appreciation supports $414,146 over five years. Portfolio math shows five-year ROI at 21.63% and total cumulative return in cash at $105,033. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,976/mo property income against a $7,337/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70760, New Roads, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,365 (100%) |
| Owner Occupied HU | 1,698 (50.5%) |
| Renter Occupied HU | 1,005 (29.9%) |
| Vacant Housing Units | 662 (19.7%) |
| Median Home Value | $206,790 |
| Average Home Value | $240,428 |
Housing Distribution
Address Breakdown
Residential
2,730
Single Family
2,646
Multi-Family
84
Businesses
394
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