3228 Van Cleave DrMerauxLA70075
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $230,000, 3228 Van Cleave Dr, Meraux, LA, 70075 in Meraux generates $1,593/mo in rent (8.31% yield) but nets only $168/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.46) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $63,545. Total projected return: $93,730.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 7.0% |
| Monthly Cash Flow | $168 | $350 |
City averages based on Meraux market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,593 |
| Total Monthly Debt Service | $1,389 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1996
5,250 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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffery Puckett • LATTER & BLUM (LATT14)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2481655
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. [Click here for more information](/info/mls-disclaimers/#mls_250)
