208 N Willow StLockportLA70374
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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 Lockport at 208 N Willow St, Lockport, LA, 70374 offers a 11.21% rental yield on a $212,000 purchase with $1,980/mo rent. Total monthly income registers $1,980/mo, and a $1,038/mo payment leaves $666/mo available for distribution. Annual cash flow reaches $7,997/yr on $70,278 to close, and return on cash invested stands at 31.29% in year one. Equity gained on principal adds $1,368/yr while 5% annual appreciation supports $58,572 over five years. Portfolio math shows five-year ROI at 163.9% and total cumulative return in cash at $115,183. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,980/mo property income against a $1,038/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
5,749 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70374, Lockport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,982 (100%) |
| Owner Occupied HU | 2,037 (68.3%) |
| Renter Occupied HU | 629 (21.1%) |
| Vacant Housing Units | 316 (10.6%) |
| Median Home Value | $202,352 |
| Average Home Value | $239,572 |
Housing Distribution
Address Breakdown
Residential
2,691
Single Family
2,630
Multi-Family
61
Businesses
178
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