310 Mar DrLockportLA70374
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 Lockport at 310 Mar Dr, Lockport, LA, 70374 priced at $185,000 pairs $1,443/mo rent with $298/mo cash flow after a $905/mo payment. Total monthly income equals $1,443/mo, and annual cash flow comes to $3,570/yr on $61,328 invested. Return on cash invested is 25.73% in year one, and rental yield stands at 9.36% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 134.12% and total cumulative return in cash reaches $82,251. For financing, Ziffy Mortgage’s DSCR program evaluates $1,443/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70374, Lockport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,982 (100%) |
| Owner Occupied HU | 2,037 (68.3%) |
| Renter Occupied HU | 629 (21.1%) |
| Vacant Housing Units | 316 (10.6%) |
| Median Home Value | $202,352 |
| Average Home Value | $239,572 |
Housing Distribution
Address Breakdown
Residential
2,691
Single Family
2,630
Multi-Family
61
Businesses
178
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