Unit 97 Pirates Cove Lndg #97-BHGrand IsleLA70358
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find Unit 97 Pirates Cove Lndg #97-BH, Grand Isle, LA, 70358 in Grand Isle worth study. Rental yield 0%. The 0% gross yield is below cash-flow benchmarks at $375,000, but 5% annual appreciation, adding $103,606 over five years, frames this as a capital growth position. Rent of $0/mo partially offsets the $1,778/mo payment. Ziffy Mortgage finances appreciation-play properties (0.00 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.5% |
| Monthly Cash Flow | $0 | $300 |
City averages based on Grand Isle market data in our database. Property projections are estimates.
Condo
Built in 2007
1,001 sqft lot
$N/A/sqft
$1,390 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70358, Grand Isle, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,776 (100%) |
| Owner Occupied HU | 348 (19.6%) |
| Renter Occupied HU | 85 ( 4.8%) |
| Vacant Housing Units | 1,343 (75.6%) |
| Median Home Value | $288,509 |
| Average Home Value | $291,667 |
Housing Distribution
Address Breakdown
Residential
63
Single Family
63
Multi-Family
0
Businesses
60
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Sadie Galiano • Island Realty
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025004991
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. Copyright 2025 ROAM MLS.
