3021 English Colony Dr, La Place, LA, 70068 | $249/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in La Place at 3021 English Colony Dr, La Place, LA, 70068 generates $1,364/mo in rent and, after a $881/mo payment, leaves $249/mo in cash flow. Total monthly income is $1,364/mo, and annual cash flow is $2,990/yr on $59,637 invested. Return on cash invested sits at 24.92% in year one, and rental yield is 9.1% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 129.8% and total cumulative return in cash sums $77,409. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,364/mo property income rather than buyer’s personal income.

Single Family

Built in 1991

5,998 sqft 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