883 Highway 128Saint JosephLA71366
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 883 Highway 128, Saint Joseph, LA, 71366 in Saint Joseph speaks for itself: 11.05% gross on a $450,000 price, generating $4,145/mo in rent and $1,357/mo in net income after the $2,023/mo debt service. DSCR 2.05, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $16,287 stacks alongside $124,327 in projected five-year appreciation and $4,145/yr in principal reduction. Projected total cumulative return: $258,012.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 8.0% |
| Monthly Cash Flow | $1,357 | $280 |
City averages based on Saint Joseph market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,145 |
| Total Monthly Debt Service | $2,608 |
| DSCR Ratio | 1.59x |
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 1963
7.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71366, Saint Joseph, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,017 (100%) |
| Owner Occupied HU | 496 (48.8%) |
| Renter Occupied HU | 182 (17.9%) |
| Vacant Housing Units | 339 (33.3%) |
| Median Home Value | $83,429 |
| Average Home Value | $144,073 |
Housing Distribution
Address Breakdown
Residential
601
Single Family
601
Multi-Family
0
Businesses
105
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 1963
7.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71366, Saint Joseph, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,017 (100%) |
| Owner Occupied HU | 496 (48.8%) |
| Renter Occupied HU | 182 (17.9%) |
| Vacant Housing Units | 339 (33.3%) |
| Median Home Value | $83,429 |
| Average Home Value | $144,073 |
Housing Distribution
Address Breakdown
Residential
601
Single Family
601
Multi-Family
0
Businesses
105
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Britt Keahey • Jane Netterville Broker & Associates
Mls Name: My State MLS
Mls ID: #11400729