900 Wayne AveWestwegoLA70094
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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 Westwego at 900 Wayne Ave, Westwego, LA, 70094 uses $62,952 cash to close to unlock $3,146/yr annual cash flow and $262/mo monthly cash flow. Total monthly income runs $1,438/mo, and a $929/mo payment keeps the spread at $262/mo. Purchase price stands at $189,900, and rental yield measures 9.09% with $1,438/mo rent. Return on cash invested shows 24.91% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 129.69% and total cumulative return in cash records $81,641. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,438/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1973
5,100 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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