433 N Lake DrConverseLA71419
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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
Investment Highlights
Rental property for sale in Converse at 433 N Lake Dr, Converse, LA, 71419 priced at $199,900 pairs $1,626/mo rent with $388/mo cash flow after a $978/mo payment. Total monthly income equals $1,626/mo, and annual cash flow comes to $4,658/yr on $66,267 invested. Return on cash invested is 26.94% in year one, and rental yield stands at 9.76% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 140.61% and total cumulative return in cash reaches $93,181. For financing, Ziffy Mortgage’s DSCR program evaluates $1,626/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
2.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71419, Converse, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,082 (100%) |
| Owner Occupied HU | 688 (63.6%) |
| Renter Occupied HU | 138 (12.8%) |
| Vacant Housing Units | 256 (23.7%) |
| Median Home Value | $114,412 |
| Average Home Value | $195,799 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
956
Multi-Family
0
Businesses
32
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