10 Ed Miller RdElmerLA71424
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 10 Ed Miller Rd, Elmer, LA, 71424 in Elmer delivers $1,421/mo in gross rent and $235/mo in net monthly income at a $189,900 entry. The 8.98% yield and 1.66 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $52,466 over five years and $1,749/yr in equity from loan paydown, total projected return is $87,198.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.0% |
| Monthly Cash Flow | $235 | $850 |
City averages based on Elmer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,421 |
| Total Monthly Debt Service | $1,111 |
| DSCR Ratio | 1.28x |
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 2005
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71424, Elmer, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 468 (77.9%) |
| Renter Occupied HU | 55 ( 9.2%) |
| Vacant Housing Units | 78 (13.0%) |
| Median Home Value | $210,268 |
| Average Home Value | $223,413 |
Housing Distribution
Address Breakdown
Residential
521
Single Family
521
Multi-Family
0
Businesses
13
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 2005
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71424, Elmer, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 468 (77.9%) |
| Renter Occupied HU | 55 ( 9.2%) |
| Vacant Housing Units | 78 (13.0%) |
| Median Home Value | $210,268 |
| Average Home Value | $223,413 |
Housing Distribution
Address Breakdown
Residential
521
Single Family
521
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ELAINE SETLIFF • LOUISIANA LAGNIAPPE REALTY, LLC
Mls Name: GCLRA
Mls Provider:
Mls ID: #2510152
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.