1416 Choctaw AveMetairieLA70005
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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 1416 Choctaw Ave, Metairie, LA, 70005 with 5% annual appreciation on a $949,900 basis while $8,098/mo rent supports operations. Total monthly income totals $8,098/mo and a $4,649/mo payment preserves $2,214/mo for cash returns. Annual cash flow comes to $26,570/yr on $312,517 deployed, and return on cash invested reaches 28.56% in year one. Equity gained on principal adds $6,130/yr, and five-year appreciation sums $262,440 alongside rental yield of 10.23%. Five-year ROI measures 149.22% and total cumulative return in cash totals $466,350.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,098/mo property income versus a $4,649/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
7,405 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: Lisa Landers • RE/MAX Professional
Mls Name: GSREIN
Mls Provider:
Mls ID: #2491258
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.