1428 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
Rental property for sale in Metairie at 1428 Choctaw Ave, Metairie, LA, 70005 priced at $599,000 pairs $3,674/mo rent with after a $2,932/mo payment. Total monthly income equals $3,674/mo. Return on cash invested is 19.84% in year one, and rental yield stands at 7.36% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 102.44% and total cumulative return in cash reaches $201,886. For financing, Ziffy Mortgage’s DSCR program evaluates $3,674/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2008
5,998 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: Katheryn Best • TAG Realty LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2484382
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