54150 Passman RdLorangerLA70446
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 54150 Passman Rd, Loranger, LA, 70446 in Loranger worth modelling. At $215,900 with a 8.21% gross yield, the $1,477/mo rent leaves $140/mo after the $971/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.52 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $59,649 by year five; $1,988/yr in principal reduction adds further equity. Total projected return: $90,888.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.0% |
| Monthly Cash Flow | $140 | $850 |
City averages based on Loranger market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,477 |
| Total Monthly Debt Service | $1,251 |
| DSCR Ratio | 1.18x |
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 1978
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70446, Loranger, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,210 (100%) |
| Owner Occupied HU | 2,554 (79.6%) |
| Renter Occupied HU | 366 (11.4%) |
| Vacant Housing Units | 290 ( 9.0%) |
| Median Home Value | $245,825 |
| Average Home Value | $279,915 |
Housing Distribution
Address Breakdown
Residential
2,680
Single Family
2,680
Multi-Family
0
Businesses
82
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 1978
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70446, Loranger, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,210 (100%) |
| Owner Occupied HU | 2,554 (79.6%) |
| Renter Occupied HU | 366 (11.4%) |
| Vacant Housing Units | 290 ( 9.0%) |
| Median Home Value | $245,825 |
| Average Home Value | $279,915 |
Housing Distribution
Address Breakdown
Residential
2,680
Single Family
2,680
Multi-Family
0
Businesses
82
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Owen Faust • Live Oak Realty Partners, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2474909
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