800 Lake StLake ProvidenceLA71254
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 800 Lake St, Lake Providence, LA, 71254 in Lake Providence at $279,900 earns $1,830/mo in rent and nets $96/mo after the $1,259/mo payment, a 7.85% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $77,331 over five years. Ziffy Mortgage underwrites this on a 1.45 DSCR without U.S. credit history. With $2,578/yr in principal paydown, total projected return reaches $112,348.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.0% |
| Monthly Cash Flow | $96 | $400 |
City averages based on Lake Providence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,830 |
| Total Monthly Debt Service | $1,622 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71254, Lake Providence, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,435 (100%) |
| Owner Occupied HU | 1,163 (47.8%) |
| Renter Occupied HU | 889 (36.5%) |
| Vacant Housing Units | 383 (15.7%) |
| Median Home Value | $101,206 |
| Average Home Value | $155,578 |
Housing Distribution
Address Breakdown
Residential
2,323
Single Family
2,120
Multi-Family
203
Businesses
311
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71254, Lake Providence, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,435 (100%) |
| Owner Occupied HU | 1,163 (47.8%) |
| Renter Occupied HU | 889 (36.5%) |
| Vacant Housing Units | 383 (15.7%) |
| Median Home Value | $101,206 |
| Average Home Value | $155,578 |
Housing Distribution
Address Breakdown
Residential
2,323
Single Family
2,120
Multi-Family
203
Businesses
311
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Hawthorne • French Realty, LLC
Mls Name: NELAR
Mls ID: #218095