413 Fir StLa PlaceLA70068
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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
Rental property for sale in La Place at 413 Fir St, La Place, LA, 70068 offers $1,323/mo rent that, after a $817/mo payment, leaves $289/mo cash flow. Total monthly income is $1,323/mo, and annual cash flow is $3,467/yr on $55,361 cash. Return on cash invested measures 26.17% in year one, and rental yield stands at 9.51% at a $167,000 entry. Equity gained on principal adds $1,078/yr while 5% annual appreciation compounds into $46,139 by year five. Five-year ROI records 136.41% and total cumulative return in cash reaches $75,519. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,323/mo property income versus a $817/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.44 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 |
Housing Distribution
Address Breakdown
Residential
12,920
Single Family
12,439
Multi-Family
481
Businesses
862
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Listed by: Gabrielle Artus • RE/MAX N.O. Properties
Mls Name: GSREIN
Mls Provider:
Mls ID: #2506739
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.