24293 E Bradley CtLorangerLA70446
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 24293 E Bradley Ct, Loranger, LA, 70446 in Loranger hard to pass up. The 12.53% gross yield on a $189,500 purchase results in $1,979/mo in rent and $805/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.32). Annual cash flow of $9,662, five-year appreciation of $52,355, and $1,745/yr in equity build-up combine for a projected total cumulative return of $123,691.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 7.0% |
| Monthly Cash Flow | $805 | $850 |
City averages based on Loranger market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,979 |
| Total Monthly Debt Service | $1,098 |
| DSCR Ratio | 1.80x |
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 2007
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70446, Loranger, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,210 (100%) |
| Owner Occupied HU | 2,554 (79.6%) |
| Renter Occupied HU | 366 (11.4%) |
| Vacant Housing Units | 290 ( 9.0%) |
| Median Home Value | $245,825 |
| Average Home Value | $279,915 |
Housing Distribution
Address Breakdown
Residential
2,680
Single Family
2,680
Multi-Family
0
Businesses
82
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 2007
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70446, Loranger, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,210 (100%) |
| Owner Occupied HU | 2,554 (79.6%) |
| Renter Occupied HU | 366 (11.4%) |
| Vacant Housing Units | 290 ( 9.0%) |
| Median Home Value | $245,825 |
| Average Home Value | $279,915 |
Housing Distribution
Address Breakdown
Residential
2,680
Single Family
2,680
Multi-Family
0
Businesses
82
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darian LaPrime • Thrive Real Estate LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2493525
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.