2403 Evelia StWESTLAKELA70669
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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
Rental property for sale in WESTLAKE at 2403 Evelia St, WESTLAKE, LA, 70669 offers $995/mo rent that, after a $611/mo payment, leaves $222/mo cash flow. Total monthly income is $995/mo, and annual cash flow is $2,660/yr on $41,404 cash. Return on cash invested measures 26.33% in year one, and rental yield stands at 9.56% at a $124,900 entry. Equity gained on principal adds $806/yr while 5% annual appreciation compounds into $34,508 by year five. Five-year ROI records 137.34% and total cumulative return in cash reaches $56,866. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $995/mo property income versus a $611/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70669, Westlake, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,725 (100%) |
| Owner Occupied HU | 3,043 (64.4%) |
| Renter Occupied HU | 1,019 (21.6%) |
| Vacant Housing Units | 663 (14.0%) |
| Median Home Value | $217,396 |
| Average Home Value | $261,461 |
Housing Distribution
Address Breakdown
Residential
4,095
Single Family
3,727
Multi-Family
368
Businesses
310
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Listed by: Rohn McManus • Bayou State R.E. Group, LLC
Mls Name: Greater Southern MLS
Mls ID: #SWL25002240
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.