3124 Fable StMerauxLA70075
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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 Meraux at 3124 Fable St, Meraux, LA, 70075 at $220,000 posts ROI 23.4% with $212/mo cash flow from $1,575/mo rent. Total monthly income equals $1,575/mo, and annual cash flow records $2,544/yr on $72,930 to close. Return on cash invested measures 23.4% and rental yield reads 8.59% at the current $220,000. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 by year five. Five-year ROI prints 121.53% and total cumulative return in cash totals $88,631.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,575/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1994
10,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70075, Meraux, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,015 (100%) |
| Owner Occupied HU | 1,573 (78.1%) |
| Renter Occupied HU | 350 (17.4%) |
| Vacant Housing Units | 92 ( 4.6%) |
| Median Home Value | $231,194 |
| Average Home Value | $263,784 |
Housing Distribution
Address Breakdown
Residential
2,110
Single Family
2,028
Multi-Family
82
Businesses
84
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Listed by: Macy Nation • Nation Realty LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2493262
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.