1516 Aztec Ave APT 208MetairieLA70005
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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
Rental property for sale in Metairie at 1516 Aztec Ave APT 208, Metairie, LA, 70005 generates $845/mo in rent and, after a $538/mo payment, leaves $4/mo in cash flow. Total monthly income is $845/mo, and annual cash flow is $48/yr on $36,465 invested. Return on cash invested sits at 20.04% in year one, and rental yield is 9.22% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 105.47% and total cumulative return in cash sums $38,460. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $845/mo property income rather than buyer’s personal income.
Condo
Built in 1981
862.49 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70005, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,735 (100%) |
| Owner Occupied HU | 7,413 (58.2%) |
| Renter Occupied HU | 4,248 (33.4%) |
| Vacant Housing Units | 1,074 ( 8.4%) |
| Median Home Value | $427,446 |
| Average Home Value | $580,693 |
Housing Distribution
Address Breakdown
Residential
12,470
Single Family
9,844
Multi-Family
2,626
Businesses
879
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Listed by: Maria Gomila • All Phase Real Estate
Mls Name: GSREIN
Mls Provider:
Mls ID: #2441933
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