31447 Highway 23BurasLA70041
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow31447 Highway 23, Buras, LA, 70041 in Buras earns its strong cash-flow label: 10.39% yield, $3,292/mo rent, $936/mo net income, DSCR 1.93. The $380,300 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $105,070 by year five. Combined with $3,503/yr in principal paydown, total projected return reaches $204,477.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 9.0% |
| Monthly Cash Flow | $936 | $400 |
City averages based on Buras market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,292 |
| Total Monthly Debt Service | $2,204 |
| DSCR Ratio | 1.49x |
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 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 |
Housing Distribution
Address Breakdown
Residential
1,188
Single Family
1,188
Multi-Family
0
Businesses
88
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 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 |
Housing Distribution
Address Breakdown
Residential
1,188
Single Family
1,188
Multi-Family
0
Businesses
88
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices