2109 Manson Ave APT 10MetairieLA70001
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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 2109 Manson Ave APT 10, Metairie, LA, 70001 uses $36,465 cash to close to unlock $600/yr annual cash flow and $50/mo monthly cash flow. Total monthly income runs $971/mo, and a $538/mo payment keeps the spread at $50/mo. Purchase price stands at $110,000, and rental yield measures 10.59% with $971/mo rent. Return on cash invested shows 21.55% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 114.52% and total cumulative return in cash records $41,760. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $971/mo property income covering a $538/mo payment rather than investor’s personal income.
Condo
Built in 1968
N/A 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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Listed by: Nina Cefalu • Watermark Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2489742
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.