1000 Southridge DrMindenLA71055
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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
Investment Highlights
Investment property for sale in Minden at 1000 Southridge Dr, Minden, LA, 71055 uses $152,159 cash to close to unlock $5,212/yr annual cash flow and $434/mo monthly cash flow. Total monthly income runs $3,278/mo, and a $2,247/mo payment keeps the spread at $434/mo. Purchase price stands at $459,000, and rental yield measures 8.57% with $3,278/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 121.23% and total cumulative return in cash records $184,463. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,278/mo property income covering a $2,247/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71055, Minden, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,873 (100%) |
| Owner Occupied HU | 5,204 (58.6%) |
| Renter Occupied HU | 2,517 (28.4%) |
| Vacant Housing Units | 1,152 (13.0%) |
| Median Home Value | $129,704 |
| Average Home Value | $170,659 |
Housing Distribution
Address Breakdown
Residential
8,403
Single Family
7,931
Multi-Family
472
Businesses
746
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