8224 Lakeshore DrEthelLA70730
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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 Ethel at 8224 Lakeshore Dr, Ethel, LA, 70730 offers a 6.98% rental yield on a $412,000 purchase with $2,398/mo rent. 55% in year one. Equity gained on principal adds $2,659/yr while 5% annual appreciation supports $113,828 over five years. Portfolio math shows five-year ROI at 95.59% and total cumulative return in cash at $130,551. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,398/mo property income against a $2,017/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70730, Ethel, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,854 (100%) |
| Owner Occupied HU | 1,385 (74.7%) |
| Renter Occupied HU | 209 (11.3%) |
| Vacant Housing Units | 260 (14.0%) |
| Median Home Value | $291,013 |
| Average Home Value | $331,738 |
Housing Distribution
Address Breakdown
Residential
1,462
Single Family
1,462
Multi-Family
0
Businesses
31
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