236 E Lerille St, Lockport, LA, 70374 | 6.64% Rental Yield

For Sale

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 Lockport at 236 E Lerille St, Lockport, LA, 70374 offers a 6.64% rental yield on a $139,000 purchase with $769/mo rent. 52% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 90.13% and total cumulative return in cash at $41,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $769/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1977

5,662 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