8713 Highway 105MelvilleLA71353
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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 Melville at 8713 Highway 105, Melville, LA, 71353 earns from $2,245/mo rent with a $2,690/mo payment. Total monthly income totals $2,245/mo. ROI tracks 12.36% on current figures, and rental yield reads 4.9% at a $549,500 purchase. Equity gained on principal adds $3,546/yr, and 5% annual appreciation supports $151,817 over five years. Five-year ROI reaches 62.37% and total cumulative return in cash sums $112,749. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,245/mo property income instead of your personal income.
Single Family
Built in 2004
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71353, Melville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 826 (100%) |
| Owner Occupied HU | 513 (62.1%) |
| Renter Occupied HU | 141 (17.1%) |
| Vacant Housing Units | 172 (20.8%) |
| Median Home Value | $215,816 |
| Average Home Value | $193,967 |
Housing Distribution
Address Breakdown
Residential
273
Single Family
273
Multi-Family
0
Businesses
26
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