1101 Neyrey DrMetairieLA70001
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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 1101 Neyrey Dr, Metairie, LA, 70001 offers $2,578/mo rent that, after a $1,804/mo payment, leaves $184/mo cash flow. Total monthly income is $2,578/mo, and annual cash flow is $2,209/yr on $122,158 cash. Return on cash invested measures 21.72% in year one, and rental yield stands at 8.4% at a $368,500 entry. Equity gained on principal adds $2,378/yr while 5% annual appreciation compounds into $101,810 by year five. Five-year ROI records 112.97% and total cumulative return in cash reaches $138,002. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,578/mo property income versus a $1,804/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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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