2220 Dorcheat RdMindenLA71055
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2220 Dorcheat Rd, Minden, LA, 71055 in Minden at $124,900 earns $959/mo in rent and nets $189/mo after the $562/mo payment, a 9.25% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $34,508 over five years. Ziffy Mortgage underwrites this on a 1.71 DSCR without U.S. credit history. With $1,150/yr in principal paydown, total projected return reaches $59,278.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 8.2% |
| Monthly Cash Flow | $189 | $350 |
City averages based on Minden market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $959 |
| Total Monthly Debt Service | $724 |
| 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 1973
0.57 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
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 1973
0.57 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debbie Callender • LA State Realty, LLC
Mls Name: NTREIS
Mls ID: #20904831
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.