2603 Huey P Long AveGretnaLA70053
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 2603 Huey P Long Ave, Gretna, LA, 70053 in Gretna worth modelling. At $155,000 with a 9.03% gross yield, the $1,819/mo rent leaves $181/mo after the $697/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 2.61 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $42,824 by year five; $1,428/yr in principal reduction adds further equity. Total projected return: $112,578.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.5% |
| Monthly Cash Flow | $181 | $180 |
City averages based on Gretna market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,819 |
| Total Monthly Debt Service | $923 |
| DSCR Ratio | 1.97x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2004
3,598 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70053, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,605 (100%) |
| Owner Occupied HU | 3,144 (41.3%) |
| Renter Occupied HU | 3,573 (47.0%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $292,284 |
| Average Home Value | $358,441 |
Housing Distribution
Address Breakdown
Residential
7,382
Single Family
6,384
Multi-Family
998
Businesses
1,152
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
Single Family
Built in 2004
3,598 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70053, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,605 (100%) |
| Owner Occupied HU | 3,144 (41.3%) |
| Renter Occupied HU | 3,573 (47.0%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $292,284 |
| Average Home Value | $358,441 |
Housing Distribution
Address Breakdown
Residential
7,382
Single Family
6,384
Multi-Family
998
Businesses
1,152
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charles Stall • Amplified Realty Group, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2501862
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.