3017 Lakewood DrVioletLA70092
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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 Violet at 3017 Lakewood Dr, Violet, LA, 70092 priced at $199,900 converts $1,583/mo rent into $345/mo cash flow after a $978/mo obligation. Total monthly income equals $1,583/mo, and annual cash flow totals $4,142/yr on $66,267 invested. Return on cash invested prints 26.16% in year one, and rental yield reads 9.5% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 136.43% and total cumulative return in cash sums $90,409. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,583/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1990
7,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70092, Violet, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,933 (100%) |
| Owner Occupied HU | 1,961 (66.9%) |
| Renter Occupied HU | 791 (27.0%) |
| Vacant Housing Units | 181 ( 6.2%) |
| Median Home Value | $187,877 |
| Average Home Value | $198,005 |
Housing Distribution
Address Breakdown
Residential
2,738
Single Family
2,721
Multi-Family
17
Businesses
76
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