31447 Highway 23, Buras, LA, 70041 | $937/mo Cash Flow

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Buras at 31447 Highway 23, Buras, LA, 70041 generates $3,292/mo in rent and, after a $1,861/mo payment, leaves $937/mo in cash flow. Total monthly income is $3,292/mo, and annual cash flow is $11,239/yr on $126,069 invested. Return on cash invested sits at 28.82% in year one, and rental yield is 10.39% on a $380,300 entry. Equity gained on principal adds $2,454/yr, while 5% annual appreciation builds toward $105,070 over five years. Five-year ROI reaches 150.66% and total cumulative return in cash sums $189,935. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,292/mo property income rather than buyer’s personal income.

Manufactured

Built in 2008

7.70 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70041, Buras, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,477 (100%)
Owner Occupied HU	885 (59.9%)
Renter Occupied HU	229 (15.5%)
Vacant Housing Units	363 (24.6%)
Median Home Value	$83,788
Average Home Value	$160,116