29 W Carmack StChalmetteLA70043
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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 Chalmette at 29 W Carmack St, Chalmette, LA, 70043 uses $88,842 cash to close to unlock $2,291/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,312/mo payment keeps the spread at $191/mo. Purchase price stands at $268,000, and rental yield measures 9.13% with $2,040/mo rent. Return on cash invested shows 22.49% in year one, and 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 117.59% and total cumulative return in cash records $104,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,312/mo payment rather than investor’s personal income.
Single Family
Built in 2021
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70043, Chalmette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,948 (100%) |
| Owner Occupied HU | 4,768 (53.3%) |
| Renter Occupied HU | 3,659 (40.9%) |
| Vacant Housing Units | 521 ( 5.8%) |
| Median Home Value | $213,669 |
| Average Home Value | $247,727 |
Housing Distribution
Address Breakdown
Residential
9,023
Single Family
8,699
Multi-Family
324
Businesses
942
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Listed by: Shontel Gremillion • Southern Real Estate Professionals, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2515285
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.