1020 Cotton StEvergreenLA71333
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 1020 Cotton St, Evergreen, LA, 71333 in Evergreen: $984/mo in rent, $244/mo in net income, 9.88% gross yield, 1.82 DSCR, all at $120,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $33,154 in appreciation and $1,105/yr in principal paydown projects total cumulative return of $60,957.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.0% |
| Monthly Cash Flow | $244 | $1,200 |
City averages based on Evergreen market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $984 |
| Total Monthly Debt Service | $696 |
| DSCR Ratio | 1.41x |
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 1970
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71333, Evergreen, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 404 (100%) |
| Owner Occupied HU | 244 (60.4%) |
| Renter Occupied HU | 56 (13.9%) |
| Vacant Housing Units | 104 (25.7%) |
| Median Home Value | $184,211 |
| Average Home Value | $182,920 |
Housing Distribution
Address Breakdown
Residential
228
Single Family
228
Multi-Family
0
Businesses
15
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 1970
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71333, Evergreen, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 404 (100%) |
| Owner Occupied HU | 244 (60.4%) |
| Renter Occupied HU | 56 (13.9%) |
| Vacant Housing Units | 104 (25.7%) |
| Median Home Value | $184,211 |
| Average Home Value | $182,920 |
Housing Distribution
Address Breakdown
Residential
228
Single Family
228
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jack Ussery • BERKSHIRE HATHAWAY HOME SERVICES-ALLY REAL ESTATE
Mls Name: GCLRA
Mls Provider:
Mls ID: #2506259
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.