123 Frank DrLogansportLA71049
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.16% yield at 123 Frank Dr, Logansport, LA, 71049 in Logansport is solid, but the $580/mo payment compresses net cash flow to $186/mo at $129,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $35,640 by year five, and $1,188/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.70) without U.S. income documentation. Total projected return: $60,912.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 8.0% |
| Monthly Cash Flow | $186 | $400 |
City averages based on Logansport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $985 |
| Total Monthly Debt Service | $748 |
| DSCR Ratio | 1.32x |
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 1972
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71049, Logansport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,679 (100%) |
| Owner Occupied HU | 1,025 (61.0%) |
| Renter Occupied HU | 347 (20.7%) |
| Vacant Housing Units | 307 (18.3%) |
| Median Home Value | $155,429 |
| Average Home Value | $204,927 |
Housing Distribution
Address Breakdown
Residential
1,190
Single Family
1,190
Multi-Family
0
Businesses
97
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 1972
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71049, Logansport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,679 (100%) |
| Owner Occupied HU | 1,025 (61.0%) |
| Renter Occupied HU | 347 (20.7%) |
| Vacant Housing Units | 307 (18.3%) |
| Median Home Value | $155,429 |
| Average Home Value | $204,927 |
Housing Distribution
Address Breakdown
Residential
1,190
Single Family
1,190
Multi-Family
0
Businesses
97
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jodi Fountain • Jodi A. Fountain
Mls Name: NTREIS
Mls ID: #21088812