186 Deadmans LnBurasLA70041
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 186 Deadmans Ln, Buras, LA, 70041 in Buras: $2,160/mo in rent, $364/mo in net income, 8.94% gross yield, 1.66 DSCR, all at $290,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $80,122 in appreciation and $2,671/yr in principal paydown projects total cumulative return of $133,376.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 9.0% |
| Monthly Cash Flow | $364 | $400 |
City averages based on Buras market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,160 |
| Total Monthly Debt Service | $1,681 |
| DSCR Ratio | 1.28x |
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.
Manufactured
Built in 2009
1 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
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
Manufactured
Built in 2009
1 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Espersen • CBTEC METAIRIE
Mls Name: GSREIN
Mls Provider:
Mls ID: #2455641
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. [Click here for more information](/info/mls-disclaimers/#mls_250)