279 Lake RdPlain DealingLA71064
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.98% gross rental yield, 279 Lake Rd, Plain Dealing, LA, 71064 in Plain Dealing is priced for capital growth, not immediate cash flow. The $700,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $193,397 by year five, with $6,447/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.92) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $173,258.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5% | 6.0% |
| Monthly Cash Flow | $(1,432) | $150 |
City averages based on Plain Dealing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,904 |
| Total Monthly Debt Service | $4,058 |
| DSCR Ratio | 0.72x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2016
40.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71064, Plain Dealing, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,893 (100%) |
| Owner Occupied HU | 1,195 (63.1%) |
| Renter Occupied HU | 290 (15.3%) |
| Vacant Housing Units | 408 (21.6%) |
| Median Home Value | $141,477 |
| Average Home Value | $226,900 |
Housing Distribution
Address Breakdown
Residential
1,260
Single Family
1,228
Multi-Family
32
Businesses
81
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 2016
40.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71064, Plain Dealing, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,893 (100%) |
| Owner Occupied HU | 1,195 (63.1%) |
| Renter Occupied HU | 290 (15.3%) |
| Vacant Housing Units | 408 (21.6%) |
| Median Home Value | $141,477 |
| Average Home Value | $226,900 |
Housing Distribution
Address Breakdown
Residential
1,260
Single Family
1,228
Multi-Family
32
Businesses
81
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NTREIS
Mls ID: #21195833