1620 Field AveMetairieLA70001
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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 1620 Field Ave, Metairie, LA, 70001 listed at $310,500 pairs $2,281/mo rent with a $1,520/mo payment to leave $357/mo cash flow. Total monthly income runs $2,281/mo, and annual cash flow reaches $4,288/yr on $102,931 cash to close. Return on cash invested measures 24.08% in year one, and rental yield registers 8.82% at a $310,500 basis. Equity gained on principal adds $2,004/yr, and annual property appreciation at 5% supports $85,785 by year five. Five-year ROI tracks 125.21% and total cumulative return in cash totals $128,876. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,281/mo property income relative to a $1,520/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70001, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,123 (100%) |
| Owner Occupied HU | 8,964 (44.5%) |
| Renter Occupied HU | 9,454 (47.0%) |
| Vacant Housing Units | 1,705 ( 8.5%) |
| Median Home Value | $339,838 |
| Average Home Value | $407,426 |
Housing Distribution
Address Breakdown
Residential
19,374
Single Family
13,074
Multi-Family
6,300
Businesses
1,480
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