1161 Lake Ave APT 109MetairieLA70005
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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 Metairie at 1161 Lake Ave APT 109, Metairie, LA, 70005 listed at $120,000 pairs $954/mo rent with a $587/mo payment. Total monthly income runs $954/mo. Return on cash invested measures 15.66% in year one, and rental yield registers 9.54% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 83.88% and total cumulative return in cash totals $33,367. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $954/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70005, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,735 (100%) |
| Owner Occupied HU | 7,413 (58.2%) |
| Renter Occupied HU | 4,248 (33.4%) |
| Vacant Housing Units | 1,074 ( 8.4%) |
| Median Home Value | $427,446 |
| Average Home Value | $580,693 |
Housing Distribution
Address Breakdown
Residential
12,470
Single Family
9,844
Multi-Family
2,626
Businesses
879
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Listed by: Edgar Faber • Edgar A. Faber
Mls Name: GSREIN
Mls Provider:
Mls ID: #2473534
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