2008 Forest DrSimpsonLA71474
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 2008 Forest Dr, Simpson, LA, 71474 in Simpson. At $149,000 it earns $1,134/mo in rent and distributes $211/mo to the owner after the $670/mo payment, a consistent 9.13% yield. DSCR 1.69 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $41,166 in value; $1,372/yr in principal paydown compounds ownership stake. Total projected return: $70,120.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.8% |
| Monthly Cash Flow | $211 | $1,200 |
City averages based on Simpson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,134 |
| Total Monthly Debt Service | $864 |
| DSCR Ratio | 1.31x |
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 1992
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71474, Simpson, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 52 (100%) |
| Owner Occupied HU | 36 (69.2%) |
| Renter Occupied HU | 5 ( 9.6%) |
| Vacant Housing Units | 11 (21.2%) |
| Median Home Value | $178,571 |
| Average Home Value | $268,681 |
Housing Distribution
Address Breakdown
Residential
220
Single Family
1
Multi-Family
0
Businesses
14
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 1992
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71474, Simpson, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 52 (100%) |
| Owner Occupied HU | 36 (69.2%) |
| Renter Occupied HU | 5 ( 9.6%) |
| Vacant Housing Units | 11 (21.2%) |
| Median Home Value | $178,571 |
| Average Home Value | $268,681 |
Housing Distribution
Address Breakdown
Residential
220
Single Family
1
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices