1346 Jolene RdBasileLA70515
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1346 Jolene Rd, Basile, LA, 70515 in Basile is a solid income-producing rental, 8.52% gross yield, $2,237/mo rent, $282/mo net cash flow on a $310,000 buy. DSCR 1.60 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $85,647 and $2,855/yr in principal reduction project a total cumulative return of $137,916.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 7.2% |
| Monthly Cash Flow | $282 | $450 |
City averages based on Basile market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,237 |
| Total Monthly Debt Service | $1,797 |
| 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 1900
30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70515, Basile, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,418 (100%) |
| Owner Occupied HU | 894 (63.0%) |
| Renter Occupied HU | 307 (21.7%) |
| Vacant Housing Units | 217 (15.3%) |
| Median Home Value | $151,282 |
| Average Home Value | $194,206 |
Housing Distribution
Address Breakdown
Residential
1,244
Single Family
1,232
Multi-Family
12
Businesses
70
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 1900
30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70515, Basile, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,418 (100%) |
| Owner Occupied HU | 894 (63.0%) |
| Renter Occupied HU | 307 (21.7%) |
| Vacant Housing Units | 217 (15.3%) |
| Median Home Value | $151,282 |
| Average Home Value | $194,206 |
Housing Distribution
Address Breakdown
Residential
1,244
Single Family
1,232
Multi-Family
12
Businesses
70
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gary DarDar • Keller Williams Realty Lake Ch
Mls Name: Greater Southern MLS
Mls ID: #SWL25002085
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.