217 W 59th StCut OffLA70345
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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 Cut Off at 217 W 59th St, Cut Off, LA, 70345 offers a 9.16% rental yield on a $190,000 purchase with $1,450/mo rent. Total monthly income registers $1,450/mo, and a $930/mo payment leaves $273/mo available for distribution. Annual cash flow reaches $3,276/yr on $62,985 to close, and return on cash invested stands at 25.11% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 130.74% and total cumulative return in cash at $82,344. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,450/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
6,083 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70345, Cut Off, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,699 (100%) |
| Owner Occupied HU | 2,669 (72.2%) |
| Renter Occupied HU | 629 (17.0%) |
| Vacant Housing Units | 401 (10.8%) |
| Median Home Value | $213,013 |
| Average Home Value | $257,279 |
Housing Distribution
Address Breakdown
Residential
3,219
Single Family
3,219
Multi-Family
0
Businesses
227
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