16229 Highway 111, Evans, LA, 70639 | 6.19% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Evans at 16229 Highway 111, Evans, LA, 70639 offers a 6.19% rental yield on a $485,000 purchase with $2,501/mo rent. 15% in year one. Equity gained on principal adds $3,130/yr while 5% annual appreciation supports $133,997 over five years. Portfolio math shows five-year ROI at 82.71% and total cumulative return in cash at $132,974. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,501/mo property income against a $2,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2005

14.90 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70639, Evans, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	194 (100%)
Owner Occupied HU	135 (69.6%)
Renter Occupied HU	22 (11.3%)
Vacant Housing Units	37 (19.1%)
Median Home Value	$107,813
Average Home Value	$137,019