148 Gruner Rd, Metairie, LA, 70001 | 6.72% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Metairie at 148 Gruner Rd, Metairie, LA, 70001 priced at $375,000 converts $2,099/mo rent into after a $1,835/mo obligation. Total monthly income equals $2,099/mo. Return on cash invested prints 17.75% in year one, and rental yield reads 6.72% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 91.29% and total cumulative return in cash sums $113,487. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,099/mo property income covering a $1,835/mo payment, not borrower’s personal income.

Single Family

Built in 1947

5,566 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70001, Metairie, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,123 (100%)
Owner Occupied HU	8,964 (44.5%)
Renter Occupied HU	9,454 (47.0%)
Vacant Housing Units	1,705 ( 8.5%)
Median Home Value	$339,838
Average Home Value	$407,426