1638 Stafford StGretnaLA70053
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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 Gretna at 1638 Stafford St, Gretna, LA, 70053 uses $58,013 cash to close to unlock $3,258/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $1,356/mo, and a $857/mo payment keeps the spread at $272/mo. Purchase price stands at $175,000, and rental yield measures 9.3% with $1,356/mo rent. Return on cash invested shows 25.53% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 133% and total cumulative return in cash records $77,155. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,356/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1981
6,838 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70053, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,605 (100%) |
| Owner Occupied HU | 3,144 (41.3%) |
| Renter Occupied HU | 3,573 (47.0%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $292,284 |
| Average Home Value | $358,441 |
Housing Distribution
Address Breakdown
Residential
7,382
Single Family
6,384
Multi-Family
998
Businesses
1,152
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Listed by: Charlene Miller • C-21 Richard Berry & Assoc,Inc
Mls Name: GSREIN
Mls Provider:
Mls ID: #2504216
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.