316 Capitol DrWestwegoLA70094
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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
Investment property for sale in Westwego at 316 Capitol Dr, Westwego, LA, 70094 offers a 10.96% rental yield on a $197,000 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $964/mo payment leaves $580/mo available for distribution. Annual cash flow reaches $6,959/yr on $65,306 to close, and return on cash invested stands at 30.56% in year one. Equity gained on principal adds $1,271/yr while 5% annual appreciation supports $54,427 over five years. Portfolio math shows five-year ROI at 160% and total cumulative return in cash at $104,486. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $964/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
5,130 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70094, Westwego, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,153 (100%) |
| Owner Occupied HU | 7,662 (58.3%) |
| Renter Occupied HU | 4,035 (30.7%) |
| Vacant Housing Units | 1,456 (11.1%) |
| Median Home Value | $178,255 |
| Average Home Value | $242,467 |
Housing Distribution
Address Breakdown
Residential
13,007
Single Family
12,126
Multi-Family
881
Businesses
497
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Listed by: Feras Ayyad • NOLA Living Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499427
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.