819 Highway 497GlenmoraLA71433
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Glenmora rental at 819 Highway 497, Glenmora, LA, 71433 sits in the solid-income band: 11.55% gross yield, $1,020/mo rent, $359/mo net after the $477/mo debt service, DSCR 2.14. Entry price of $106,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $29,286 and $976/yr in principal reduction bring total cumulative return to $63,608.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 8.2% |
| Monthly Cash Flow | $359 | $400 |
City averages based on Glenmora market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,020 |
| Total Monthly Debt Service | $614 |
| DSCR Ratio | 1.66x |
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
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71433, Glenmora, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,121 (100%) |
| Owner Occupied HU | 1,363 (64.3%) |
| Renter Occupied HU | 356 (16.8%) |
| Vacant Housing Units | 402 (19.0%) |
| Median Home Value | $141,992 |
| Average Home Value | $164,582 |
Housing Distribution
Address Breakdown
Residential
1,346
Single Family
1,335
Multi-Family
11
Businesses
71
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
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71433, Glenmora, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,121 (100%) |
| Owner Occupied HU | 1,363 (64.3%) |
| Renter Occupied HU | 356 (16.8%) |
| Vacant Housing Units | 402 (19.0%) |
| Median Home Value | $141,992 |
| Average Home Value | $164,582 |
Housing Distribution
Address Breakdown
Residential
1,346
Single Family
1,335
Multi-Family
11
Businesses
71
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jack Ussery • BERKSHIRE HATHAWAY HOME SERVICES-ALLY REAL ESTATE
Mls Name: GCLRA
Mls Provider:
Mls ID: #2454562
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.