2432 Fenimore LoopWestlakeLA70669
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2432 Fenimore Loop, Westlake, LA, 70669 priced at $259,500 converts $1,741/mo rent into $134/mo cash flow after a $1,270/mo obligation. Total monthly income equals $1,741/mo, and annual cash flow totals $1,604/yr on $86,024 invested. Return on cash invested prints 21.77% in year one, and rental yield reads 8.05% against a $259,500 entry. Equity gained on principal adds $1,675/yr, while 5% annual appreciation compiles into $71,695 by year five. Five-year ROI reaches 112.86% and total cumulative return in cash sums $97,085. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,741/mo property income covering a $1,270/mo payment, not borrower’s personal income.
Single Family
Built in 2018
10,454 sqft 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: Larry Turner • Century 21 Bessette Realty
Mls Name: Greater Southern MLS
Mls ID: #SWL24007185
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.