121 Hamilton 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
Investment property for sale in Gretna at 121 Hamilton St, Gretna, LA, 70053 uses $72,930 cash to close to unlock $6,744/yr annual cash flow and $562/mo monthly cash flow. Total monthly income runs $1,925/mo, and a $1,077/mo payment keeps the spread at $562/mo. Purchase price stands at $220,000, and rental yield measures 10.5% with $1,925/mo rent. Return on cash invested shows 29.16% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 152.41% and total cumulative return in cash records $111,155. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,925/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Multi Family
Built in 1955
9,960 sqft 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
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