312 Devon Rd, La Place, LA, 70068 | $953/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 312 Devon Rd, La Place, LA, 70068 priced at $312,000 pairs $2,886/mo rent with $953/mo cash flow after a $1,527/mo payment. Total monthly income equals $2,886/mo, and annual cash flow comes to $11,441/yr on $103,428 invested. Return on cash invested is 30.97% in year one, and rental yield stands at 11.1% on a $312,000 basis. Equity gained on principal adds $2,013/yr, and 5% annual appreciation accumulates to $86,200 by year five. Five-year ROI measures 162.2% and total cumulative return in cash reaches $167,759. For financing, Ziffy Mortgage’s DSCR program evaluates $2,886/mo property income against a $1,527/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1980

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