641 Booner Miller RdDevilleLA71328
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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
Investment Highlights
Rental property for sale in Deville at 641 Booner Miller Rd, Deville, LA, 71328 priced at $260,000 converts $1,417/mo rent into after a $1,273/mo obligation. Total monthly income equals $1,417/mo. Return on cash invested prints 17.21% in year one, and rental yield reads 6.54% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 88.36% and total cumulative return in cash sums $76,157. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,417/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 2023
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71328, Deville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,655 (100%) |
| Owner Occupied HU | 2,764 (75.6%) |
| Renter Occupied HU | 481 (13.2%) |
| Vacant Housing Units | 410 (11.2%) |
| Median Home Value | $219,033 |
| Average Home Value | $229,980 |
Housing Distribution
Address Breakdown
Residential
3,196
Single Family
3,175
Multi-Family
21
Businesses
55
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Listed by: Gabriel Dauzat • CALL THE KELONES REALTY
Mls Name: GCLRA
Mls Provider:
Mls ID: #2507258
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.