36092 Highway 438Mount HermonLA70450
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 36092 Highway 438, Mount Hermon, LA, 70450 in Mount Hermon worth modelling. At $295,000 with a 8.09% gross yield, the $1,989/mo rent leaves $162/mo after the $1,327/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.50 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $81,503 by year five; $2,717/yr in principal reduction adds further equity. Total projected return: $122,262.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.5% |
| Monthly Cash Flow | $162 | $1,200 |
City averages based on Mount Hermon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,989 |
| Total Monthly Debt Service | $1,710 |
| DSCR Ratio | 1.16x |
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 1913
12.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70450, Mount Hermon, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 918 (70.0%) |
| Renter Occupied HU | 176 (13.4%) |
| Vacant Housing Units | 218 (16.6%) |
| Median Home Value | $210,714 |
| Average Home Value | $232,563 |
Housing Distribution
Address Breakdown
Residential
1,328
Single Family
1,328
Multi-Family
0
Businesses
27
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 1913
12.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70450, Mount Hermon, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 918 (70.0%) |
| Renter Occupied HU | 176 (13.4%) |
| Vacant Housing Units | 218 (16.6%) |
| Median Home Value | $210,714 |
| Average Home Value | $232,563 |
Housing Distribution
Address Breakdown
Residential
1,328
Single Family
1,328
Multi-Family
0
Businesses
27
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Salley • Wayne Songy & Associates
Mls Name: GSREIN
Mls Provider:
Mls ID: #2482032
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