2700 Whitney Pl APT 730MetairieLA70002
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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 2700 Whitney Pl APT 730, Metairie, LA, 70002 generates $1,380/mo in rent and, after a $693/mo payment, leaves $503/mo in cash flow. Total monthly income is $1,380/mo, and annual cash flow is $6,037/yr on $46,907 invested. Return on cash invested sits at 32.78% in year one, and rental yield is 11.7% on a $141,500 entry. Equity gained on principal adds $913/yr, while 5% annual appreciation builds toward $39,094 over five years. Five-year ROI reaches 171.97% and total cumulative return in cash sums $80,665. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,380/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A 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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