5706 Wood Ridge DrShreveportLA71119
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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 Shreveport at 5706 Wood Ridge Dr, Shreveport, LA, 71119 priced at $309,900 converts $2,467/mo rent into $321/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,467/mo, and annual cash flow totals $3,847/yr on $102,732 invested. Return on cash invested prints 23.65% in year one, and rental yield reads 9.55% against a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,620 by year five. Five-year ROI reaches 123.9% and total cumulative return in cash sums $127,284. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,467/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1994
4,007 sqft lot
$N/A/sqft
$1,250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71119, Shreveport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,074 (100%) |
| Owner Occupied HU | 3,378 (66.6%) |
| Renter Occupied HU | 1,072 (21.1%) |
| Vacant Housing Units | 624 (12.3%) |
| Median Home Value | $220,928 |
| Average Home Value | $281,949 |
Housing Distribution
Address Breakdown
Residential
5,004
Single Family
4,135
Multi-Family
869
Businesses
136
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Listed by: Heather Kreamer • RE/MAX Real Estate Services
Mls Name: NTREIS
Mls ID: #20976590
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.