249 Somerset StLa PlaceLA70068
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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 La Place at 249 Somerset St, La Place, LA, 70068 priced at $322,999 pairs $2,100/mo rent with $99/mo cash flow after a $1,581/mo payment. Total monthly income equals $2,100/mo, and annual cash flow comes to $1,189/yr on $107,074 invested. Return on cash invested is 21.02% in year one, and rental yield stands at 7.8% on a $322,999 basis. Equity gained on principal adds $2,084/yr, and 5% annual appreciation accumulates to $89,239 by year five. Five-year ROI measures 108.85% and total cumulative return in cash reaches $116,553. For financing, Ziffy Mortgage’s DSCR program evaluates $2,100/mo property income against a $1,581/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70068, La Place, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,259 (100%) |
| Owner Occupied HU | 9,434 (71.2%) |
| Renter Occupied HU | 2,587 (19.5%) |
| Vacant Housing Units | 1,238 ( 9.3%) |
| Median Home Value | $205,082 |
| Average Home Value | $234,209 |
Housing Distribution
Address Breakdown
Residential
12,920
Single Family
12,439
Multi-Family
481
Businesses
862
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