805 Woodlake DrConverseLA71419
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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 Converse at 805 Woodlake Dr, Converse, LA, 71419 earns from $858/mo rent with a $857/mo payment. Total monthly income totals $858/mo. ROI tracks 15.22% on current figures, and rental yield reads 5.88% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 77.77% and total cumulative return in cash sums $45,115. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $858/mo property income instead of your personal income.
Manufactured
Built in 2002
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71419, Converse, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,082 (100%) |
| Owner Occupied HU | 688 (63.6%) |
| Renter Occupied HU | 138 (12.8%) |
| Vacant Housing Units | 256 (23.7%) |
| Median Home Value | $114,412 |
| Average Home Value | $195,799 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
956
Multi-Family
0
Businesses
32
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