508 Hickory StNew LlanoLA71461
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.22% yield at 508 Hickory St, New Llano, LA, 71461 in New Llano is solid, but the $463/mo payment compresses net cash flow to $141/mo at $103,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $28,457 by year five, and $949/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.71) without U.S. income documentation. Total projected return: $48,967.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.2% |
| Monthly Cash Flow | $141 | $1,200 |
City averages based on New Llano market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $791 |
| Total Monthly Debt Service | $597 |
| 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 N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71461, Newllano, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 853 (100%) |
| Owner Occupied HU | 393 (46.1%) |
| Renter Occupied HU | 353 (41.4%) |
| Vacant Housing Units | 107 (12.5%) |
| Median Home Value | $154,861 |
| Average Home Value | $188,142 |
Housing Distribution
Address Breakdown
Residential
911
Single Family
882
Multi-Family
29
Businesses
44
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 N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71461, Newllano, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 853 (100%) |
| Owner Occupied HU | 393 (46.1%) |
| Renter Occupied HU | 353 (41.4%) |
| Vacant Housing Units | 107 (12.5%) |
| Median Home Value | $154,861 |
| Average Home Value | $188,142 |
Housing Distribution
Address Breakdown
Residential
911
Single Family
882
Multi-Family
29
Businesses
44
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
