1986 N 3rd StMerryvilleLA70653
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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 Merryville at 1986 N 3rd St, Merryville, LA, 70653 offers a 11.2% rental yield on a $150,000 purchase with $1,400/mo rent. Total monthly income registers $1,400/mo, and a $734/mo payment leaves $471/mo available for distribution. Annual cash flow reaches $5,652/yr on $49,725 to close, and return on cash invested stands at 31.28% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 163.8% and total cumulative return in cash at $81,450. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,400/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70653, Merryville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,534 (100%) |
| Owner Occupied HU | 1,014 (66.1%) |
| Renter Occupied HU | 243 (15.8%) |
| Vacant Housing Units | 277 (18.1%) |
| Median Home Value | $117,446 |
| Average Home Value | $172,431 |
Housing Distribution
Address Breakdown
Residential
1,200
Single Family
1,200
Multi-Family
0
Businesses
54
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Listed by: Sharon F Andrus • Century 21 Delia Realty Group
Mls Name: Greater Fort Polk Area Realtors
Mls Provider:
Mls ID: #02-6095
Disclaimer: Copyright Greater Fort Polk Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.