1400 Hancock 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 1400 Hancock St, Gretna, LA, 70053 priced at $139,000 converts $1,071/mo rent into $210/mo cash flow after a $680/mo obligation. Total monthly income equals $1,071/mo, and annual cash flow totals $2,524/yr on $46,079 invested. Return on cash invested prints 25.39% in year one, and rental yield reads 9.25% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 132.26% and total cumulative return in cash sums $60,944. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,071/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1960
950 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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Listed by: Ron Mazier • Mazier Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2498904
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.