312 Devon RdLa PlaceLA70068
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 312 Devon Rd, La Place, LA, 70068 in La Place. Priced at $298,900, it generates $2,764/mo in gross rent and $895/mo in net monthly cash flow, a 11.1% yield that comfortably supports the 2.06 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,735. Five-year appreciation: $82,581. Equity from principal paydown: $2,753/yr. Total projected cumulative return: $171,015.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 7.9% |
| Monthly Cash Flow | $895 | $320 |
City averages based on La Place market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,764 |
| Total Monthly Debt Service | $1,750 |
| DSCR Ratio | 1.58x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2022
0.74 Acres lot
$N/A/sqft
$75 annually 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 |
Housing Distribution
Address Breakdown
Residential
12,920
Single Family
12,439
Multi-Family
481
Businesses
862
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
Single Family
Built in 2022
0.74 Acres lot
$N/A/sqft
$75 annually 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 |
Housing Distribution
Address Breakdown
Residential
12,920
Single Family
12,439
Multi-Family
481
Businesses
862
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alyson Schwartz • Newfield Realty Group Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2556989
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.