2428 Pecan DrChalmetteLA70043
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
Rental property for sale in Chalmette at 2428 Pecan Dr, Chalmette, LA, 70043 priced at $249,999 converts $2,424/mo rent into $875/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,424/mo, and annual cash flow totals $10,500/yr on $82,875 invested. Return on cash invested prints 32.58% in year one, and rental yield reads 11.64% against a $249,999 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 170.8% and total cumulative return in cash sums $141,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,424/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in N/A
4,356 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: Christine Van Eaton • Real Broker, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #25000703
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. IDX information is provided exclusively for consumers' 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 deemed reliable, but not guaranteed accurate. Data last updated 2024-02-12 10:51:22 PST