860 Riddle LnLake ProvidenceLA71254
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 860 Riddle Ln, Lake Providence, LA, 71254 in Lake Providence earns a 9.69% gross yield at $155,000. Rent of $1,252/mo nets $291/mo after the $697/mo mortgage. The 1.80 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $42,824 and $1,428/yr in equity accumulation project a total cumulative return of $77,586.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.0% |
| Monthly Cash Flow | $291 | $400 |
City averages based on Lake Providence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,252 |
| Total Monthly Debt Service | $898 |
| DSCR Ratio | 1.39x |
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 1960
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 1960
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: Phillip Tomlinson • Keller Williams Parishwide Partners
Mls Name: NELAR
Mls ID: #217763