223 Devon Rd, La Place, LA, 70068 | $230/mo Cash Flow

For Sale

Listed for sale 1 day ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in La Place at 223 Devon Rd, La Place, LA, 70068 with 5% annual appreciation on a $150,000 basis while $1,159/mo rent supports operations. Total monthly income totals $1,159/mo and a $734/mo payment preserves $230/mo for cash returns. Annual cash flow comes to $2,760/yr on $49,725 deployed, and return on cash invested reaches 25.46% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 9.27%. Five-year ROI measures 132.62% and total cumulative return in cash totals $65,946.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,159/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1977

0.37 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70068, La Place, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,259 (100%)
Owner Occupied HU	9,434 (71.2%)
Renter Occupied HU	2,587 (19.5%)
Vacant Housing Units	1,238 ( 9.3%)
Median Home Value	$205,082
Average Home Value	$234,209