2309 Fazzio RdChalmetteLA70043
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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 Chalmette at 2309 Fazzio Rd, Chalmette, LA, 70043 offers a 10.47% rental yield on a $233,900 purchase with $2,040/mo rent. Total monthly income registers $2,040/mo, and a $1,145/mo payment leaves $591/mo available for distribution. Annual cash flow reaches $7,091/yr on $77,538 to close, and return on cash invested stands at 29.05% in year one. Equity gained on principal adds $1,509/yr while 5% annual appreciation supports $64,622 over five years. Portfolio math shows five-year ROI at 151.88% and total cumulative return in cash at $117,763. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $1,145/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
5,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70043, Chalmette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,948 (100%) |
| Owner Occupied HU | 4,768 (53.3%) |
| Renter Occupied HU | 3,659 (40.9%) |
| Vacant Housing Units | 521 ( 5.8%) |
| Median Home Value | $213,669 |
| Average Home Value | $247,727 |
Housing Distribution
Address Breakdown
Residential
9,023
Single Family
8,699
Multi-Family
324
Businesses
942
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Listed by: Nadine Couture • REMAX ALLIANCE
Mls Name: GSREIN
Mls Provider:
Mls ID: #2460975
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