2176 Euclid StGretnaLA70056
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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 2176 Euclid St, Gretna, LA, 70056 offers a 8.35% rental yield on a $224,500 purchase with $1,562/mo rent. Total monthly income registers $1,562/mo, and a $1,099/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,054/yr on $74,422 to close, and return on cash invested stands at 22.67% in year one. Equity gained on principal adds $1,449/yr while 5% annual appreciation supports $62,025 over five years. Portfolio math shows five-year ROI at 117.7% and total cumulative return in cash at $87,596. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,562/mo property income against a $1,099/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
6,381 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70056, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,069 (100%) |
| Owner Occupied HU | 8,668 (53.9%) |
| Renter Occupied HU | 6,434 (40.0%) |
| Vacant Housing Units | 967 ( 6.0%) |
| Median Home Value | $255,596 |
| Average Home Value | $301,359 |
Housing Distribution
Address Breakdown
Residential
15,667
Single Family
11,692
Multi-Family
3,975
Businesses
1,094
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