Investors hold a significant 13.2% share of the Single-Family Residential market in Evangeline Parish, totaling 1,230 properties out of 9,304 available SFRs.
Individual investors form the bedrock of the local rental market, owning 880 properties, which accounts for 71.5% of the investor-owned inventory. Companies own the remaining 350 properties (28.5%).
A defining characteristic of this market is the complete absence of financing; 100% of the 1,230 investor-owned homes are designated as cash properties. This indicates a low-leverage, financially stable investor base.
The ownership landscape is composed of 1,003 distinct landlords, with individual landlords (844) outnumbering company landlords (159) by more than 5 to 1, reinforcing the small-scale nature of property investment in the parish.
The portfolio is heavily focused on rental income, with 1,187 properties classified as rented, representing 96.5% of all investor-owned SFRs.