37254 Miller StPrairievilleLA70769
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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 Prairieville at 37254 Miller St, Prairieville, LA, 70769 uses $66,300 cash to close to unlock $1,152/yr annual cash flow and $96/mo monthly cash flow. Total monthly income runs $1,335/mo, and a $979/mo payment keeps the spread at $96/mo. Purchase price stands at $200,000, and rental yield measures 8.01% with $1,335/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 112.16% and total cumulative return in cash records $74,360. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,335/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70769, Prairieville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,602 (100%) |
| Owner Occupied HU | 15,284 (82.2%) |
| Renter Occupied HU | 2,278 (12.2%) |
| Vacant Housing Units | 1,040 ( 5.6%) |
| Median Home Value | $328,278 |
| Average Home Value | $357,952 |
Housing Distribution
Address Breakdown
Residential
18,162
Single Family
17,857
Multi-Family
305
Businesses
1,131
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Listed by: Richard Spears • Keller Williams Realty-First Choice
Mls Name: ROAM MLS
Mls ID: #2025018084