1213 Mason Smith AveMetairieLA70003
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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 1213 Mason Smith Ave, Metairie, LA, 70003 priced at $344,000 pairs $2,520/mo rent with $389/mo cash flow after a $1,684/mo payment. Total monthly income equals $2,520/mo, and annual cash flow comes to $4,666/yr on $114,036 invested. Return on cash invested is 24% in year one, and rental yield stands at 8.79% on a $344,000 basis. Equity gained on principal adds $2,220/yr, and 5% annual appreciation accumulates to $95,041 by year five. Five-year ROI measures 124.78% and total cumulative return in cash reaches $142,298. For financing, Ziffy Mortgage’s DSCR program evaluates $2,520/mo property income against a $1,684/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
5,858 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70003, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,181 (100%) |
| Owner Occupied HU | 12,007 (69.9%) |
| Renter Occupied HU | 4,056 (23.6%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $284,249 |
| Average Home Value | $307,002 |
Housing Distribution
Address Breakdown
Residential
16,818
Single Family
14,912
Multi-Family
1,906
Businesses
763
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Listed by: Mary Dominach • Mirambell Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2514752
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.