1093 Highway 115DevilleLA71328
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 1093 Highway 115, Deville, LA, 71328 in Deville worth modelling. At $239,000 with a 8.47% gross yield, the $1,687/mo rent leaves $107/mo after the $1,075/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.57 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $66,031 by year five; $2,201/yr in principal reduction adds further equity. Total projected return: $103,933.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 8.1% |
| Monthly Cash Flow | $107 | $450 |
City averages based on Deville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,687 |
| Total Monthly Debt Service | $1,385 |
| DSCR Ratio | 1.22x |
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 1979
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71328, Deville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,655 (100%) |
| Owner Occupied HU | 2,764 (75.6%) |
| Renter Occupied HU | 481 (13.2%) |
| Vacant Housing Units | 410 (11.2%) |
| Median Home Value | $219,033 |
| Average Home Value | $229,980 |
Housing Distribution
Address Breakdown
Residential
3,196
Single Family
3,175
Multi-Family
21
Businesses
55
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 1979
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71328, Deville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,655 (100%) |
| Owner Occupied HU | 2,764 (75.6%) |
| Renter Occupied HU | 481 (13.2%) |
| Vacant Housing Units | 410 (11.2%) |
| Median Home Value | $219,033 |
| Average Home Value | $229,980 |
Housing Distribution
Address Breakdown
Residential
3,196
Single Family
3,175
Multi-Family
21
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carley Ducote • Better Homes & Gardens Real Estate Rhodes Realty
Mls Name: GCLRA
Mls Provider:
Mls ID: #2440813
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.