2609 Transcontinental DrMetairieLA70001
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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 Metairie at 2609 Transcontinental Dr, Metairie, LA, 70001 priced at $1,295,000 converts $2,102/mo rent into after a $6,338/mo obligation. Total monthly income equals $2,102/mo. Return on cash invested prints 3.44% in year one, and rental yield reads 1.95% against a $1,295,000 entry. Equity gained on principal adds $8,356/yr, while 5% annual appreciation compiles into $357,785 by year five. Five-year ROI reaches 14.44% and total cumulative return in cash sums $60,594. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,102/mo property income covering a $6,338/mo payment, not borrower’s personal income.
Multi Family
Built in 1968
0.26 Acres lot
$N/A/sqft
No 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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