220 9th StGretnaLA70053
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
Investment Highlights
Investment property for sale in Gretna at 220 9th St, Gretna, LA, 70053 uses $72,930 cash to close to unlock $1,992/yr annual cash flow and $166/mo monthly cash flow. Total monthly income runs $1,529/mo, and a $1,077/mo payment keeps the spread at $166/mo. Purchase price stands at $220,000, and rental yield measures 8.34% with $1,529/mo rent. Return on cash invested shows 22.64% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 117.5% and total cumulative return in cash records $85,691. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,529/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1952
5,342 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices