283 Highway 111MerryvilleLA70653
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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 283 Highway 111, Merryville, LA, 70653 uses $79,527 cash to close to unlock $8,114/yr annual cash flow and $676/mo monthly cash flow. Total monthly income runs $2,162/mo, and a $1,174/mo payment keeps the spread at $676/mo. Purchase price stands at $239,900, and rental yield measures 10.81% with $2,162/mo rent. Return on cash invested shows 30.11% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 157.62% and total cumulative return in cash records $125,347. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,162/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Manufactured
Built in 2013
10 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: Joe Williamson • Exit Real Estate Consultants
Mls Name: Greater Fort Polk Area Realtors
Mls ID: #26-5206