1307 Sylvia AveMetairieLA70005
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1307 Sylvia Ave, Metairie, LA, 70005 priced at $1,599,000 pairs $4,837/mo rent with after a $7,826/mo payment. Total monthly income equals $4,837/mo. Return on cash invested is 8.63% in year one, and rental yield stands at 3.63% on a $1,599,000 basis. Equity gained on principal adds $10,318/yr, and 5% annual appreciation accumulates to $441,774 by year five. Five-year ROI measures 42.28% and total cumulative return in cash reaches $219,049. For financing, Ziffy Mortgage’s DSCR program evaluates $4,837/mo property income against a $7,826/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
8,437 sqft 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: Brittany Picolo • Keller Williams Realty New Orleans
Mls Name: GSREIN
Mls Provider:
Mls ID: #2481078
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