113 W Gulf DrBurasLA70041
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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 Buras at 113 W Gulf Dr, Buras, LA, 70041 generates $1,410/mo in rent and, after a $881/mo payment, leaves $295/mo in cash flow. Total monthly income is $1,410/mo, and annual cash flow is $3,540/yr on $59,670 invested. Return on cash invested sits at 25.84% in year one, and rental yield is 9.4% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 134.63% and total cumulative return in cash sums $80,333. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,410/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70041, Buras, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,477 (100%) |
| Owner Occupied HU | 885 (59.9%) |
| Renter Occupied HU | 229 (15.5%) |
| Vacant Housing Units | 363 (24.6%) |
| Median Home Value | $83,788 |
| Average Home Value | $160,116 |
Housing Distribution
Address Breakdown
Residential
1,188
Single Family
1,188
Multi-Family
0
Businesses
88
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Listed by: Bonnie Buras • CBTEC BELLE CHASSE
Mls Name: GSREIN
Mls Provider:
Mls ID: #2452848
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