312 Walker Gravel Pit RdDry ProngLA71423
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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 Dry Prong at 312 Walker Gravel Pit Rd, Dry Prong, LA, 71423 priced at $290,000 converts $1,080/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,080/mo. Return on cash invested prints 10.97% in year one, and rental yield reads 4.47% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 54.9% and total cumulative return in cash sums $52,780. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 2024
1.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71423, Dry Prong, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,518 (100%) |
| Owner Occupied HU | 1,909 (75.8%) |
| Renter Occupied HU | 327 (13.0%) |
| Vacant Housing Units | 282 (11.2%) |
| Median Home Value | $191,465 |
| Average Home Value | $223,387 |
Housing Distribution
Address Breakdown
Residential
2,119
Single Family
2,119
Multi-Family
0
Businesses
84
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