1512 Michigan AveKennerLA70062
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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 1512 Michigan Ave, Kenner, LA, 70062 uses $92,820 cash to close to unlock $5,892/yr annual cash flow and $491/mo monthly cash flow. Total monthly income runs $2,225/mo, and a $1,370/mo payment keeps the spread at $491/mo. Purchase price stands at $280,000, and rental yield measures 9.54% with $2,225/mo rent. Return on cash invested shows 26.26% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 136.87% and total cumulative return in cash records $127,041. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,225/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1961
6,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70062, Kenner, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,971 (100%) |
| Owner Occupied HU | 3,209 (46.0%) |
| Renter Occupied HU | 3,171 (45.5%) |
| Vacant Housing Units | 591 ( 8.5%) |
| Median Home Value | $240,259 |
| Average Home Value | $263,012 |
Housing Distribution
Address Breakdown
Residential
7,033
Single Family
6,205
Multi-Family
828
Businesses
1,952
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