11 Gelbke DrGretnaLA70053
Nearby investment properties with comparable rents
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 Gretna at 11 Gelbke Dr, Gretna, LA, 70053 generates $1,546/mo in rent and, after a $1,052/mo payment, leaves $215/mo in cash flow. Total monthly income is $1,546/mo, and annual cash flow is $2,574/yr on $71,273 invested. Return on cash invested sits at 23.52% in year one, and rental yield is 8.63% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 122.24% and total cumulative return in cash sums $87,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,546/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70053, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,605 (100%) |
| Owner Occupied HU | 3,144 (41.3%) |
| Renter Occupied HU | 3,573 (47.0%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $292,284 |
| Average Home Value | $358,441 |
Housing Distribution
Address Breakdown
Residential
7,382
Single Family
6,384
Multi-Family
998
Businesses
1,152
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Sibley • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls Provider:
Mls ID: #2503103
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.