1509 Vegas DrMetairieLA70003
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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 1509 Vegas Dr, Metairie, LA, 70003 uses $82,544 cash to close to unlock $4,480/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $1,916/mo, and a $1,219/mo payment keeps the spread at $373/mo. Purchase price stands at $249,000, and rental yield measures 9.23% with $1,916/mo rent. Return on cash invested shows 25.34% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 131.98% and total cumulative return in cash records $108,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,916/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1965
8,964 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70003, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,181 (100%) |
| Owner Occupied HU | 12,007 (69.9%) |
| Renter Occupied HU | 4,056 (23.6%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $284,249 |
| Average Home Value | $307,002 |
Housing Distribution
Address Breakdown
Residential
16,818
Single Family
14,912
Multi-Family
1,906
Businesses
763
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