192 Pelas Hyman LnBurasLA70041
INVESTMENT ANALYSIS
Investment Verdict
Solid Income192 Pelas Hyman Ln, Buras, LA, 70041 in Buras is a solid income-producing rental, 9.3% gross yield, $1,162/mo rent, $233/mo net cash flow on a $149,900 buy. DSCR 1.72 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $41,415 and $1,381/yr in principal reduction project a total cumulative return of $71,915.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 9.0% |
| Monthly Cash Flow | $233 | $400 |
City averages based on Buras market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,162 |
| Total Monthly Debt Service | $869 |
| DSCR Ratio | 1.34x |
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 2003
0.38 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
Single Family
Built in 2003
0.38 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