134 Louis Morel LnBurasLA70041
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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 134 Louis Morel Ln, Buras, LA, 70041 priced at $106,790 converts $2,050/mo rent into $1,388/mo cash flow after a $523/mo obligation. Total monthly income equals $2,050/mo, and annual cash flow totals $16,658/yr on $35,401 invested. Return on cash invested prints 66.96% in year one, and rental yield reads 23.04% against a $106,790 entry. Equity gained on principal adds $689/yr, while 5% annual appreciation compiles into $29,504 by year five. Five-year ROI reaches 355.31% and total cumulative return in cash sums $125,784. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,050/mo property income covering a $523/mo payment, not borrower’s personal income.
Single Family
Built in 1974
N/A 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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