31108 Lynette DrAlbanyLA70711
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 31108 Lynette Dr, Albany, LA, 70711 in Albany worth modelling. At $120,000 with a 9.15% gross yield, the $915/mo rent leaves $172/mo after the $540/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.69 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $33,154 by year five; $1,105/yr in principal reduction adds further equity. Total projected return: $56,517.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.0% |
| Monthly Cash Flow | $172 | $900 |
City averages based on Albany market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $915 |
| Total Monthly Debt Service | $696 |
| DSCR Ratio | 1.32x |
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 2012
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70711, Albany, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,267 (100%) |
| Owner Occupied HU | 1,572 (69.3%) |
| Renter Occupied HU | 550 (24.3%) |
| Vacant Housing Units | 145 ( 6.4%) |
| Median Home Value | $265,966 |
| Average Home Value | $351,212 |
Housing Distribution
Address Breakdown
Residential
1,847
Single Family
1,787
Multi-Family
60
Businesses
155
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 2012
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70711, Albany, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,267 (100%) |
| Owner Occupied HU | 1,572 (69.3%) |
| Renter Occupied HU | 550 (24.3%) |
| Vacant Housing Units | 145 ( 6.4%) |
| Median Home Value | $265,966 |
| Average Home Value | $351,212 |
Housing Distribution
Address Breakdown
Residential
1,847
Single Family
1,787
Multi-Family
60
Businesses
155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices