116 Fairmount StPinevilleLA71360
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.72% yield at 116 Fairmount St, Pineville, LA, 71360 in Pineville is solid, but the $576/mo payment compresses net cash flow to $131/mo at $128,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $35,364 by year five, and $1,179/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.61) without U.S. income documentation. Total projected return: $56,996.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.5% |
| Monthly Cash Flow | $131 | $850 |
City averages based on Pineville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $930 |
| Total Monthly Debt Service | $748 |
| DSCR Ratio | 1.24x |
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 1950
6,738 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71360, Pineville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,482 (100%) |
| Owner Occupied HU | 9,390 (60.7%) |
| Renter Occupied HU | 4,548 (29.4%) |
| Vacant Housing Units | 1,544 ( 10.0%) |
| Median Home Value | $226,141 |
| Average Home Value | $251,941 |
Housing Distribution
Address Breakdown
Residential
15,005
Single Family
13,872
Multi-Family
1,133
Businesses
862
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 1950
6,738 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71360, Pineville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,482 (100%) |
| Owner Occupied HU | 9,390 (60.7%) |
| Renter Occupied HU | 4,548 (29.4%) |
| Vacant Housing Units | 1,544 ( 10.0%) |
| Median Home Value | $226,141 |
| Average Home Value | $251,941 |
Housing Distribution
Address Breakdown
Residential
15,005
Single Family
13,872
Multi-Family
1,133
Businesses
862
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JENNIFER BYRD • RITCHIE REAL ESTATE
Mls Name: GCLRA
Mls Provider:
Mls ID: #2497035
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.