2162 Ryals RdConverseLA71419
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing2162 Ryals Rd, Converse, LA, 71419 in Converse is a stable, well-positioned rental at $360,000. Rental yield 6.12%. DSCR 1.13 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $99,461 in value and $3,316/yr in principal paydown builds equity, a total projected return of $111,207.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 7.0% |
| Monthly Cash Flow | $(393) | $350 |
City averages based on Converse market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,837 |
| Total Monthly Debt Service | $2,087 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1970
13.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71419, Converse, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,082 (100%) |
| Owner Occupied HU | 688 (63.6%) |
| Renter Occupied HU | 138 (12.8%) |
| Vacant Housing Units | 256 (23.7%) |
| Median Home Value | $114,412 |
| Average Home Value | $195,799 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
956
Multi-Family
0
Businesses
32
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 1970
13.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71419, Converse, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,082 (100%) |
| Owner Occupied HU | 688 (63.6%) |
| Renter Occupied HU | 138 (12.8%) |
| Vacant Housing Units | 256 (23.7%) |
| Median Home Value | $114,412 |
| Average Home Value | $195,799 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
956
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices