241 Mimosa AveLulingLA70070
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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 Luling at 241 Mimosa Ave, Luling, LA, 70070 priced at $284,900 pairs $2,426/mo rent with $662/mo cash flow after a $1,394/mo payment. Total monthly income equals $2,426/mo, and annual cash flow comes to $7,940/yr on $94,444 invested. Return on cash invested is 28.32% in year one, and rental yield stands at 10.22% on a $284,900 basis. Equity gained on principal adds $1,838/yr, and 5% annual appreciation accumulates to $78,713 by year five. Five-year ROI measures 147.95% and total cumulative return in cash reaches $139,727. For financing, Ziffy Mortgage’s DSCR program evaluates $2,426/mo property income against a $1,394/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
7,020 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70070, Luling, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,140 (100%) |
| Owner Occupied HU | 4,128 (80.3%) |
| Renter Occupied HU | 745 (14.5%) |
| Vacant Housing Units | 267 ( 5.2%) |
| Median Home Value | $279,934 |
| Average Home Value | $317,216 |
Housing Distribution
Address Breakdown
Residential
4,738
Single Family
4,738
Multi-Family
0
Businesses
297
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