508 Ruth DrWestwegoLA70094
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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 Westwego at 508 Ruth Dr, Westwego, LA, 70094 priced at $185,000 converts $1,431/mo rent into $286/mo cash flow after a $905/mo obligation. Total monthly income equals $1,431/mo, and annual cash flow totals $3,426/yr on $61,328 invested. Return on cash invested prints 25.5% in year one, and rental yield reads 9.28% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 132.84% and total cumulative return in cash sums $81,471. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,431/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1967
5,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70094, Westwego, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,153 (100%) |
| Owner Occupied HU | 7,662 (58.3%) |
| Renter Occupied HU | 4,035 (30.7%) |
| Vacant Housing Units | 1,456 (11.1%) |
| Median Home Value | $178,255 |
| Average Home Value | $242,467 |
Housing Distribution
Address Breakdown
Residential
13,007
Single Family
12,126
Multi-Family
881
Businesses
497
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