578 Evangeline RdMontzLA70068
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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 Montz at 578 Evangeline Rd, Montz, LA, 70068 priced at $279,500 pairs $2,100/mo rent with $369/mo cash flow after a $1,368/mo payment. Total monthly income equals $2,100/mo, and annual cash flow comes to $4,424/yr on $92,654 invested. Return on cash invested is 24.68% in year one, and rental yield stands at 9.02% on a $279,500 basis. Equity gained on principal adds $1,804/yr, and 5% annual appreciation accumulates to $77,221 by year five. Five-year ROI measures 128.47% and total cumulative return in cash reaches $119,036. For financing, Ziffy Mortgage’s DSCR program evaluates $2,100/mo property income against a $1,368/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
10,147 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 |
Housing Distribution
Address Breakdown
Residential
12,920
Single Family
12,439
Multi-Family
481
Businesses
862
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Listed by: Wendy Benedetto • LATTER & BLUM (LATT21)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2506272
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.