119 Melancon DrGolden MeadowLA70357
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
Investment Highlights
Rental property for sale in Golden Meadow at 119 Melancon Dr, Golden Meadow, LA, 70357 priced at $595,000 converts $3,758/mo rent into after a $2,912/mo obligation. Total monthly income equals $3,758/mo. Return on cash invested prints 19.74% in year one, and rental yield reads 7.58% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 102.19% and total cumulative return in cash sums $200,042. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,758/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Single Family
Built in 2002
7,405 sqft lot
$N/A/sqft
$1,500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70357, Golden Meadow, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 781 (55.2%) |
| Renter Occupied HU | 267 (18.9%) |
| Vacant Housing Units | 368 (26.0%) |
| Median Home Value | $155,122 |
| Average Home Value | $181,258 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Harry Cheramie • Bayou Classic Realty, LLC
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2024008824
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. Copyright 2025 ROAM MLS.