1007 Joan AveMetairieLA70001
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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 Metairie at 1007 Joan Ave, Metairie, LA, 70001 uses $52,709 cash to close to unlock $3,316/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $1,261/mo, and a $778/mo payment keeps the spread at $276/mo. Purchase price stands at $159,000, and rental yield measures 9.52% with $1,261/mo rent. Return on cash invested shows 26.2% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 136.65% and total cumulative return in cash records $72,024. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,261/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1950
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70001, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,123 (100%) |
| Owner Occupied HU | 8,964 (44.5%) |
| Renter Occupied HU | 9,454 (47.0%) |
| Vacant Housing Units | 1,705 ( 8.5%) |
| Median Home Value | $339,838 |
| Average Home Value | $407,426 |
Housing Distribution
Address Breakdown
Residential
19,374
Single Family
13,074
Multi-Family
6,300
Businesses
1,480
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Listed by: Sarah Urrutia • Century 21 J. Carter & Company
Mls Name: GSREIN
Mls Provider:
Mls ID: #2495306
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.