1500 W Esplanade Ave APT 24BKennerLA70065
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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 Kenner at 1500 W Esplanade Ave APT 24B, Kenner, LA, 70065 uses $45,382 cash to close to unlock $18,359/yr annual cash flow and $1,530/mo monthly cash flow. Total monthly income runs $2,404/mo, and a $670/mo payment keeps the spread at $1,530/mo. Purchase price stands at $136,900, and rental yield measures 21.07% with $2,404/mo rent. Return on cash invested shows 60.36% in year one, and 5% annual appreciation builds toward $37,823 over five years. Five-year ROI reaches 320.02% and total cumulative return in cash records $145,233. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,404/mo property income covering a $670/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70065, Kenner, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,493 (100%) |
| Owner Occupied HU | 12,340 (57.4%) |
| Renter Occupied HU | 6,983 (32.5%) |
| Vacant Housing Units | 2,170 (10.1%) |
| Median Home Value | $283,071 |
| Average Home Value | $336,608 |
Housing Distribution
Address Breakdown
Residential
20,987
Single Family
16,500
Multi-Family
4,487
Businesses
940
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