237 Virginia StLaroseLA70373
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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 Larose at 237 Virginia St, Larose, LA, 70373 offers a 9.09% rental yield on a $185,000 purchase with $1,401/mo rent. Total monthly income registers $1,401/mo, and a $905/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,066/yr on $61,328 to close, and return on cash invested stands at 24.91% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 129.69% and total cumulative return in cash at $79,539. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,401/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in 1964
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70373, Larose, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,821 (100%) |
| Owner Occupied HU | 2,011 (71.3%) |
| Renter Occupied HU | 455 (16.1%) |
| Vacant Housing Units | 355 (12.6%) |
| Median Home Value | $172,289 |
| Average Home Value | $272,602 |
Housing Distribution
Address Breakdown
Residential
2,269
Single Family
2,269
Multi-Family
0
Businesses
178
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