2616 Metairie Heights AveMetairieLA70002
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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
Investment property for sale in Metairie at 2616 Metairie Heights Ave, Metairie, LA, 70002 with 5% annual appreciation on a $306,700 basis while $5,791/mo rent supports operations. Total monthly income totals $5,791/mo and a $1,501/mo payment preserves $3,791/mo for cash returns. Annual cash flow comes to $45,493/yr on $101,671 deployed, and return on cash invested reaches 64.65% in year one. Equity gained on principal adds $1,979/yr, and five-year appreciation sums $84,736 alongside rental yield of 22.66%. Five-year ROI measures 343.26% and total cumulative return in cash totals $348,999.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,791/mo property income versus a $1,501/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70002, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,572 (100%) |
| Owner Occupied HU | 4,532 (47.3%) |
| Renter Occupied HU | 4,178 (43.6%) |
| Vacant Housing Units | 862 ( 9.0%) |
| Median Home Value | $392,874 |
| Average Home Value | $433,147 |
Housing Distribution
Address Breakdown
Residential
9,473
Single Family
5,506
Multi-Family
3,967
Businesses
2,303
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