3305 Nancy StMerauxLA70075
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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 Meraux at 3305 Nancy St, Meraux, LA, 70075 priced at $259,000 pairs $2,392/mo rent with $787/mo cash flow after a $1,268/mo payment. Total monthly income equals $2,392/mo, and annual cash flow comes to $9,448/yr on $85,859 invested. Return on cash invested is 30.91% in year one, and rental yield stands at 11.08% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 161.89% and total cumulative return in cash reaches $139,000. For financing, Ziffy Mortgage’s DSCR program evaluates $2,392/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
5,227 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: Jennifer Autin • Southern Real Estate Professionals, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2496958
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.