2911 Buffon StChalmetteLA70043
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
Investment Highlights
Rental property for sale in Chalmette at 2911 Buffon St, Chalmette, LA, 70043 priced at $199,000 converts $1,570/mo rent into $337/mo cash flow after a $974/mo obligation. Total monthly income equals $1,570/mo, and annual cash flow totals $4,048/yr on $65,969 invested. Return on cash invested prints 26.04% in year one, and rental yield reads 9.47% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 135.82% and total cumulative return in cash sums $89,598. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,570/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1961
5,130 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: Kelly Snyder • Century 21 J. Carter & Company
Mls Name: GSREIN
Mls Provider:
Mls ID: #2484532
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