2024 Fernando CtMarreroLA70072
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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 Marrero at 2024 Fernando Ct, Marrero, LA, 70072 uses $49,029 cash to close to unlock $2,745/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $1,145/mo, and a $724/mo payment keeps the spread at $229/mo. Purchase price stands at $147,900, and rental yield measures 9.29% with $1,145/mo rent. Return on cash invested shows 25.51% in year one, and 5% annual appreciation builds toward $40,862 over five years. Five-year ROI reaches 132.89% and total cumulative return in cash records $65,155. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,145/mo property income covering a $724/mo payment rather than investor’s personal income.
Single Family
Built in 1995
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70072, Marrero, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,976 (100%) |
| Owner Occupied HU | 15,926 (69.3%) |
| Renter Occupied HU | 5,606 (24.4%) |
| Vacant Housing Units | 1,444 ( 6.3%) |
| Median Home Value | $242,947 |
| Average Home Value | $279,908 |
Housing Distribution
Address Breakdown
Residential
22,298
Single Family
21,129
Multi-Family
1,169
Businesses
1,330
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