1059 Sunshine DrBakerLA70714
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1059 Sunshine Dr, Baker, LA, 70714 in Baker hard to pass up. The 10.94% gross yield on a $172,000 purchase results in $1,568/mo in rent and $503/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.03). Annual cash flow of $6,035, five-year appreciation of $47,520, and $1,584/yr in equity build-up combine for a projected total cumulative return of $97,616.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 7.2% |
| Monthly Cash Flow | $503 | $900 |
City averages based on Baker market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,568 |
| Total Monthly Debt Service | $997 |
| DSCR Ratio | 1.57x |
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 1962
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70714, Baker, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,662 (100%) |
| Owner Occupied HU | 5,117 (66.8%) |
| Renter Occupied HU | 1,783 (23.3%) |
| Vacant Housing Units | 762 ( 9.9%) |
| Median Home Value | $186,650 |
| Average Home Value | $241,456 |
Housing Distribution
Address Breakdown
Residential
7,485
Single Family
6,774
Multi-Family
711
Businesses
364
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 1962
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70714, Baker, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,662 (100%) |
| Owner Occupied HU | 5,117 (66.8%) |
| Renter Occupied HU | 1,783 (23.3%) |
| Vacant Housing Units | 762 ( 9.9%) |
| Median Home Value | $186,650 |
| Average Home Value | $241,456 |
Housing Distribution
Address Breakdown
Residential
7,485
Single Family
6,774
Multi-Family
711
Businesses
364
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Bennett • RE/MAX Select
Mls Name: GSREIN
Mls Provider:
Mls ID: #2471258
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