96 Little John LnDry 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
Investment property for sale in Dry Prong at 96 Little John Ln, Dry Prong, LA, 71423 uses $65,969 cash to close to unlock $2,891/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $1,530/mo, and a $974/mo payment keeps the spread at $241/mo. Purchase price stands at $199,000, and rental yield measures 9.23% with $1,530/mo rent. Return on cash invested shows 24.29% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 126.72% and total cumulative return in cash records $83,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,530/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.92 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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Listed by: CANDACE SELMAN • Cypress Realty Of Louisiana
Mls Name: GCLRA
Mls Provider:
Mls ID: #2497102
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.