508 Parlange Loop, La Place, LA, 70068 | $233/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in La Place at 508 Parlange Loop, La Place, LA, 70068 offers a 9.31% rental yield on a $149,000 purchase with $1,156/mo rent. Total monthly income registers $1,156/mo, and a $729/mo payment leaves $233/mo available for distribution. Annual cash flow reaches $2,800/yr on $49,394 to close, and return on cash invested stands at 25.58% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 133.31% and total cumulative return in cash at $65,848. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,156/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1965

6,655 sqft 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