978 Lake 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 978 Lake Rd, Dry Prong, LA, 71423 generates $1,778/mo in rent and, after a $1,150/mo payment, leaves $323/mo in cash flow. Total monthly income is $1,778/mo, and annual cash flow is $3,870/yr on $77,903 invested. Return on cash invested sits at 24.88% in year one, and rental yield is 9.08% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 129.51% and total cumulative return in cash sums $100,888. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,778/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
0.63 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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