2709 Ridge Lake DrShreveportLA71109
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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 Shreveport at 2709 Ridge Lake Dr, Shreveport, LA, 71109 offers a 18.9% rental yield on a $125,000 purchase with $1,969/mo rent. Total monthly income registers $1,969/mo, and a $612/mo payment leaves $1,195/mo available for distribution. Annual cash flow reaches $14,334/yr on $41,438 to close, and return on cash invested stands at 54.5% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 288.39% and total cumulative return in cash at $119,501. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,969/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
10,846 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71109, Shreveport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,133 (100%) |
| Owner Occupied HU | 3,700 (40.5%) |
| Renter Occupied HU | 3,952 (43.3%) |
| Vacant Housing Units | 1,481 (16.2%) |
| Median Home Value | $96,213 |
| Average Home Value | $169,941 |
Housing Distribution
Address Breakdown
Residential
8,682
Single Family
7,518
Multi-Family
1,164
Businesses
667
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Listed by: Marian Claville • Keller Williams Northwest
Mls Name: NTREIS
Mls ID: #21026841