506 Ellington AveLulingLA70070
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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 Luling at 506 Ellington Ave, Luling, LA, 70070 uses $94,146 cash to close to unlock $9,370/yr annual cash flow and $781/mo monthly cash flow. Total monthly income runs $2,540/mo, and a $1,390/mo payment keeps the spread at $781/mo. Purchase price stands at $284,000, and rental yield measures 10.73% with $2,540/mo rent. Return on cash invested shows 29.86% in year one, and 5% annual appreciation builds toward $78,464 over five years. Five-year ROI reaches 156.22% and total cumulative return in cash records $147,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,540/mo property income covering a $1,390/mo payment rather than investor’s personal income.
Single Family
Built in 1985
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70070, Luling, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,140 (100%) |
| Owner Occupied HU | 4,128 (80.3%) |
| Renter Occupied HU | 745 (14.5%) |
| Vacant Housing Units | 267 ( 5.2%) |
| Median Home Value | $279,934 |
| Average Home Value | $317,216 |
Housing Distribution
Address Breakdown
Residential
4,738
Single Family
4,738
Multi-Family
0
Businesses
297
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Listed by: Leslie Cambre • LATTER & BLUM (LATT21)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2506510
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.