Investors hold a significant footprint in Grant Parish, owning 707 single-family residential properties, which constitutes 13.3% of the total 5,332 SFRs in the area. This level of ownership indicates that one in every eight homes is an investment property.
The investor landscape is overwhelmingly dominated by individuals rather than corporations. Individual landlords own 566 properties, making up 80.1% of the investor-owned portfolio, compared to 151 properties (21.4%) held by companies. This structure points to a market driven by local, small-scale real estate investing.
A defining characteristic of Grant Parish's investor market is the preference for all-cash ownership. A staggering 95.5% of investor-owned homes (675 properties) are held free and clear, with only 32 properties carrying a mortgage. This suggests a financially conservative investor base that is not reliant on leverage.
The portfolio is heavily geared towards rental income, with 691 of the 707 investor properties (97.7%) classified as non-owner-occupied. This high concentration underscores a classic buy-and-hold strategy prevalent among the parish's landlords.
The entity count further reinforces the individual-driven nature of the market. There are 785 distinct landlord entities, of which 660 are individuals and 125 are companies. The ratio of individual landlords to company landlords is over 5-to-1, highlighting the 'mom-and-pop' character of the rental market.