2035 Schultz RdIotaLA70543
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 2035 Schultz Rd, Iota, LA, 70543 in Iota at $205,000 earns $1,289/mo in rent and nets $19/mo after the $922/mo payment, a 7.54% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $56,638 over five years. Ziffy Mortgage underwrites this on a 1.40 DSCR without U.S. credit history. With $1,888/yr in principal paydown, total projected return reaches $78,981.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 7.0% |
| Monthly Cash Flow | $19 | $350 |
City averages based on Iota market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,289 |
| Total Monthly Debt Service | $1,188 |
| DSCR Ratio | 1.08x |
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 N/A
8.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70543, Iota, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,640 (100%) |
| Owner Occupied HU | 1,141 (69.6%) |
| Renter Occupied HU | 352 (21.5%) |
| Vacant Housing Units | 147 ( 9.0%) |
| Median Home Value | $224,182 |
| Average Home Value | $236,356 |
Housing Distribution
Address Breakdown
Residential
1,410
Single Family
1,410
Multi-Family
0
Businesses
64
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 N/A
8.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70543, Iota, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,640 (100%) |
| Owner Occupied HU | 1,141 (69.6%) |
| Renter Occupied HU | 352 (21.5%) |
| Vacant Housing Units | 147 ( 9.0%) |
| Median Home Value | $224,182 |
| Average Home Value | $236,356 |
Housing Distribution
Address Breakdown
Residential
1,410
Single Family
1,410
Multi-Family
0
Businesses
64
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices