1023 N Starrett RdMetairieLA70003
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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
Rental property for sale in Metairie at 1023 N Starrett Rd, Metairie, LA, 70003 priced at $296,999 pairs $2,700/mo rent with $860/mo cash flow after a $1,454/mo payment. Total monthly income equals $2,700/mo, and annual cash flow comes to $10,319/yr on $98,455 invested. Return on cash invested is 30.39% in year one, and rental yield stands at 10.91% on a $296,999 basis. Equity gained on principal adds $1,916/yr, and 5% annual appreciation accumulates to $82,055 by year five. Five-year ROI measures 159.05% and total cumulative return in cash reaches $156,594. For financing, Ziffy Mortgage’s DSCR program evaluates $2,700/mo property income against a $1,454/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70003, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,181 (100%) |
| Owner Occupied HU | 12,007 (69.9%) |
| Renter Occupied HU | 4,056 (23.6%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $284,249 |
| Average Home Value | $307,002 |
Housing Distribution
Address Breakdown
Residential
16,818
Single Family
14,912
Multi-Family
1,906
Businesses
763
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