924 Lebeau StArabiLA70032
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
Investment Highlights
Rental property for sale in Arabi at 924 Lebeau St, Arabi, LA, 70032 offers $1,502/mo rent that, after a $582/mo payment, leaves $724/mo cash flow. Total monthly income is $1,502/mo, and annual cash flow is $8,686/yr on $39,449 cash. Return on cash invested measures 41.93% in year one, and rental yield stands at 15.15% at a $119,000 entry. Equity gained on principal adds $768/yr while 5% annual appreciation compounds into $32,878 by year five. Five-year ROI records 221.41% and total cumulative return in cash reaches $87,341. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,502/mo property income versus a $582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70032, Arabi, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,267 (100%) |
| Owner Occupied HU | 1,383 (61.0%) |
| Renter Occupied HU | 683 (30.1%) |
| Vacant Housing Units | 201 ( 8.9%) |
| Median Home Value | $230,800 |
| Average Home Value | $267,035 |
Housing Distribution
Address Breakdown
Residential
2,351
Single Family
2,316
Multi-Family
35
Businesses
227
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Listed by: Christian Sullivan • Arpent Realty and Property Man
Mls Name: GSREIN
Mls Provider:
Mls ID: #2508071
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.