298 Historic West StGaryvilleLA70051
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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 Garyville at 298 Historic West St, Garyville, LA, 70051 priced at $125,000 converts $1,029/mo rent into $255/mo cash flow after a $612/mo obligation. Total monthly income equals $1,029/mo, and annual cash flow totals $3,054/yr on $41,438 invested. Return on cash invested prints 27.28% in year one, and rental yield reads 9.88% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 142.43% and total cumulative return in cash sums $59,021. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,029/mo property income covering a $612/mo payment, not borrower’s personal income.
Manufactured
Built in 2000
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70051, Garyville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 777 (100%) |
| Owner Occupied HU | 503 (64.7%) |
| Renter Occupied HU | 123 (15.8%) |
| Vacant Housing Units | 151 (19.4%) |
| Median Home Value | $163,409 |
| Average Home Value | $179,259 |
Housing Distribution
Address Breakdown
Residential
473
Single Family
473
Multi-Family
0
Businesses
32
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Listed by: Kayla Scott • Pelican State Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2507375
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.