2309 Plaza Dr, Chalmette, LA, 70043 | $215/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Chalmette at 2309 Plaza Dr, Chalmette, LA, 70043 generates $1,144/mo in rent and, after a $734/mo payment, leaves $215/mo in cash flow. Total monthly income is $1,144/mo, and annual cash flow is $2,582/yr on $49,692 invested. Return on cash invested sits at 25.1% in year one, and rental yield is 9.16% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 130.79% and total cumulative return in cash sums $64,991. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,144/mo property income rather than buyer’s personal income.

Single Family

Built in 1968

5,950 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