2013-17 Gallo DrChalmetteLA70043
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 2013-17 Gallo Dr, Chalmette, LA, 70043 in Chalmette. Priced at $240,000, it generates $2,008/mo in gross rent and $521/mo in net monthly cash flow, a 10.04% yield that comfortably supports the 1.86 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,251. Five-year appreciation: $66,308. Equity from principal paydown: $2,210/yr. Total projected cumulative return: $124,554.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 8.5% |
| Monthly Cash Flow | $521 | $350 |
City averages based on Chalmette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,008 |
| Total Monthly Debt Service | $1,391 |
| DSCR Ratio | 1.44x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1969
8,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70043, Chalmette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,948 (100%) |
| Owner Occupied HU | 4,768 (53.3%) |
| Renter Occupied HU | 3,659 (40.9%) |
| Vacant Housing Units | 521 ( 5.8%) |
| Median Home Value | $213,669 |
| Average Home Value | $247,727 |
Housing Distribution
Address Breakdown
Residential
9,023
Single Family
8,699
Multi-Family
324
Businesses
942
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1969
8,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70043, Chalmette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,948 (100%) |
| Owner Occupied HU | 4,768 (53.3%) |
| Renter Occupied HU | 3,659 (40.9%) |
| Vacant Housing Units | 521 ( 5.8%) |
| Median Home Value | $213,669 |
| Average Home Value | $247,727 |
Housing Distribution
Address Breakdown
Residential
9,023
Single Family
8,699
Multi-Family
324
Businesses
942
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices