304 Lake RdPlain DealingLA71064
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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
Rental property for sale in Plain Dealing at 304 Lake Rd, Plain Dealing, LA, 71064 priced at $319,900 converts $2,189/mo rent into $207/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,189/mo, and annual cash flow totals $2,486/yr on $106,047 invested. Return on cash invested prints 22.25% in year one, and rental yield reads 8.21% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 115.46% and total cumulative return in cash sums $122,444. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,189/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.84 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
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Listed by: Gavin Havard • Pinnacle Realty Advisors
Mls Name: NTREIS
Mls ID: #20754133
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.