374 Evangeline DrElm GroveLA71051
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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 Elm Grove at 374 Evangeline Dr, Elm Grove, LA, 71051 at $229,500 posts ROI 18.48% with from $1,331/mo rent. Total monthly income equals $1,331/mo. Return on cash invested measures 18.48% and rental yield reads 6.96% at the current $229,500. Equity gained on principal adds $1,481/yr, and 5% annual appreciation supports $63,407 by year five. Five-year ROI prints 95.23% and total cumulative return in cash totals $72,450. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,331/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1961
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71051, Elm Grove, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,040 (100%) |
| Owner Occupied HU | 703 (67.6%) |
| Renter Occupied HU | 122 (11.7%) |
| Vacant Housing Units | 215 (20.7%) |
| Median Home Value | $208,673 |
| Average Home Value | $228,033 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
949
Multi-Family
0
Businesses
38
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Listed by: Mindy Wardlaw • Pinnacle Realty Advisors
Mls Name: NTREIS
Mls ID: #20823692
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.