1113 Maine AveKennerLA70062
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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 Kenner at 1113 Maine Ave, Kenner, LA, 70062 uses $49,725 cash to close to unlock $2,484/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $1,136/mo, and a $734/mo payment keeps the spread at $207/mo. Purchase price stands at $150,000, and rental yield measures 9.09% with $1,136/mo rent. Return on cash invested shows 24.9% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 129.65% and total cumulative return in cash records $64,470. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,136/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70062, Kenner, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,971 (100%) |
| Owner Occupied HU | 3,209 (46.0%) |
| Renter Occupied HU | 3,171 (45.5%) |
| Vacant Housing Units | 591 ( 8.5%) |
| Median Home Value | $240,259 |
| Average Home Value | $263,012 |
Housing Distribution
Address Breakdown
Residential
7,033
Single Family
6,205
Multi-Family
828
Businesses
1,952
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Listed by: Robert Cutrera • Watermark Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2491711
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.