232 Louise CtGretnaLA70056
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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
Rental property for sale in Gretna at 232 Louise Ct, Gretna, LA, 70056 generates $1,549/mo in rent and, after a $1,106/mo payment, leaves $149/mo in cash flow. Total monthly income is $1,549/mo, and annual cash flow is $1,792/yr on $74,886 invested. Return on cash invested sits at 22.3% in year one, and rental yield is 8.23% on a $225,900 entry. Equity gained on principal adds $1,458/yr, while 5% annual appreciation builds toward $62,412 over five years. Five-year ROI reaches 115.72% and total cumulative return in cash sums $86,655. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,549/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
5,998 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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Listed by: Chip Julien • Donald Julien & Associates, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2491575
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.