1138 Monroe StGretnaLA70053
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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 Gretna at 1138 Monroe St, Gretna, LA, 70053 priced at $218,400 converts $0/mo rent into after a $1,069/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.52% in year one, and rental yield reads 0% against a $218,400 entry. Equity gained on principal adds $1,409/yr, while 5% annual appreciation compiles into $60,340 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,069/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A 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
No similar rental properties found nearby.
Nearby investment properties with comparable prices