15 Colony RdGretnaLA70056
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 15 Colony Rd, Gretna, LA, 70056 in Gretna at $649,000 earns $4,050/mo in rent and nets $15/mo after the $2,918/mo payment, a 7.49% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $179,307 over five years. Ziffy Mortgage underwrites this on a 1.39 DSCR without U.S. credit history. With $5,977/yr in principal paydown, total projected return reaches $248,059.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 6.5% |
| Monthly Cash Flow | $15 | $180 |
City averages based on Gretna market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,050 |
| Total Monthly Debt Service | $3,762 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1968
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70056, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,069 (100%) |
| Owner Occupied HU | 8,668 (53.9%) |
| Renter Occupied HU | 6,434 (40.0%) |
| Vacant Housing Units | 967 ( 6.0%) |
| Median Home Value | $255,596 |
| Average Home Value | $301,359 |
Housing Distribution
Address Breakdown
Residential
15,667
Single Family
11,692
Multi-Family
3,975
Businesses
1,094
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
Single Family
Built in 1968
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70056, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,069 (100%) |
| Owner Occupied HU | 8,668 (53.9%) |
| Renter Occupied HU | 6,434 (40.0%) |
| Vacant Housing Units | 967 ( 6.0%) |
| Median Home Value | $255,596 |
| Average Home Value | $301,359 |
Housing Distribution
Address Breakdown
Residential
15,667
Single Family
11,692
Multi-Family
3,975
Businesses
1,094
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices