658 Jean Lafitte BlvdLafitteLA70067
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.15% yield at 658 Jean Lafitte Blvd, Lafitte, LA, 70067 in Lafitte is solid, but the $1,057/mo payment compresses net cash flow to $140/mo at $235,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $64,926 by year five, and $2,164/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.51) without U.S. income documentation. Total projected return: $98,156.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.0% |
| Monthly Cash Flow | $140 | $600 |
City averages based on Lafitte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,596 |
| Total Monthly Debt Service | $1,362 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1993
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70067, Lafitte, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,187 (100%) |
| Owner Occupied HU | 909 (76.6%) |
| Renter Occupied HU | 133 (11.2%) |
| Vacant Housing Units | 145 (12.2%) |
| Median Home Value | $324,028 |
| Average Home Value | $335,941 |
Housing Distribution
Address Breakdown
Residential
1,043
Single Family
1,043
Multi-Family
0
Businesses
56
Nearby investment properties with comparable rents
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
Single Family
Built in 1993
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70067, Lafitte, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,187 (100%) |
| Owner Occupied HU | 909 (76.6%) |
| Renter Occupied HU | 133 (11.2%) |
| Vacant Housing Units | 145 (12.2%) |
| Median Home Value | $324,028 |
| Average Home Value | $335,941 |
Housing Distribution
Address Breakdown
Residential
1,043
Single Family
1,043
Multi-Family
0
Businesses
56
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angie Moorman • LATTER & BLUM (LATT10)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2468291
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