225 Wright Ave APT FGretnaLA70056
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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 225 Wright Ave APT F, Gretna, LA, 70056 offers a 9.14% rental yield on a $108,000 purchase with $823/mo rent. Total monthly income registers $823/mo, and a $529/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,843/yr on $35,802 to close, and return on cash invested stands at 25.06% in year one. Equity gained on principal adds $697/yr while 5% annual appreciation supports $29,838 over five years. Portfolio math shows five-year ROI at 130.51% and total cumulative return in cash at $46,724. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $823/mo property income against a $529/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1963
N/A 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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