43437 Mary LnSorrentoLA70778
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 43437 Mary Ln, Sorrento, LA, 70778 in Sorrento: $1,346/mo in rent, $296/mo in net income, 9.53% gross yield, 1.77 DSCR, all at $169,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $46,830 in appreciation and $1,561/yr in principal paydown projects total cumulative return of $83,355.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.1% |
| Monthly Cash Flow | $296 | $350 |
City averages based on Sorrento market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,346 |
| Total Monthly Debt Service | $983 |
| DSCR Ratio | 1.37x |
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 2017
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70778, Sorrento, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,274 (100%) |
| Owner Occupied HU | 1,007 (79.0%) |
| Renter Occupied HU | 154 (12.1%) |
| Vacant Housing Units | 113 ( 8.9%) |
| Median Home Value | $283,022 |
| Average Home Value | $329,682 |
Housing Distribution
Address Breakdown
Residential
1,071
Single Family
1,071
Multi-Family
0
Businesses
67
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 2017
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70778, Sorrento, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,274 (100%) |
| Owner Occupied HU | 1,007 (79.0%) |
| Renter Occupied HU | 154 (12.1%) |
| Vacant Housing Units | 113 ( 8.9%) |
| Median Home Value | $283,022 |
| Average Home Value | $329,682 |
Housing Distribution
Address Breakdown
Residential
1,071
Single Family
1,071
Multi-Family
0
Businesses
67
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marilyn Bowman • RE/MAX Select
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2024011163
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. Copyright 2024 ROAM MLS.