1114 Highland 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
Rental property for sale in Metairie at 1114 Highland Ave, Metairie, LA, 70001 priced at $255,000 converts $1,711/mo rent into $41/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,711/mo, and annual cash flow totals $492/yr on $84,533 invested. Return on cash invested prints 20.49% in year one, and rental yield reads 8.05% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 106.42% and total cumulative return in cash sums $89,960. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,711/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1955
6,325 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: Cory Cheramie • Generations Realty Group, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2501591
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.