2500 Houma Blvd APT 215MetairieLA70001
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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
Total monthly income runs $1,001/mo, and a $631/mo payment. Purchase price stands at $129,000, and rental yield measures 9.31% with $1,001/mo rent. Return on cash invested shows 14.64% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 78.66% and total cumulative return in cash records $33,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,001/mo property income covering a $631/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$390 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70001, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,123 (100%) |
| Owner Occupied HU | 8,964 (44.5%) |
| Renter Occupied HU | 9,454 (47.0%) |
| Vacant Housing Units | 1,705 ( 8.5%) |
| Median Home Value | $339,838 |
| Average Home Value | $407,426 |
Housing Distribution
Address Breakdown
Residential
19,374
Single Family
13,074
Multi-Family
6,300
Businesses
1,480
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Listed by: Amanda Miller • Amanda Miller Realty
Mls Name: Greater Southern MLS
Mls Provider:
Mls ID: #NAB24006075
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.