703 S State StAbbevilleLA70510
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 703 S State St, Abbeville, LA, 70510 in Abbeville. Rental yield 6.99%. The 1.29 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $59,401 and $1,980/yr in principal reduction project total return of $76,408.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.5% |
| Monthly Cash Flow | $(80) | $150 |
City averages based on Abbeville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,252 |
| Total Monthly Debt Service | $1,246 |
| DSCR Ratio | 1.00x |
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 1955
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70510, Abbeville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,984 (100%) |
| Owner Occupied HU | 6,473 (58.9%) |
| Renter Occupied HU | 2,914 (26.5%) |
| Vacant Housing Units | 1,597 (14.5%) |
| Median Home Value | $181,574 |
| Average Home Value | $203,856 |
Housing Distribution
Address Breakdown
Residential
10,384
Single Family
9,955
Multi-Family
429
Businesses
752
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 1955
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70510, Abbeville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,984 (100%) |
| Owner Occupied HU | 6,473 (58.9%) |
| Renter Occupied HU | 2,914 (26.5%) |
| Vacant Housing Units | 1,597 (14.5%) |
| Median Home Value | $181,574 |
| Average Home Value | $203,856 |
Housing Distribution
Address Breakdown
Residential
10,384
Single Family
9,955
Multi-Family
429
Businesses
752
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices