2918-20 Packenham DrChalmetteLA70043
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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 2918-20 Packenham Dr, Chalmette, LA, 70043 uses $71,273 cash to close to unlock $2,022/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $1,052/mo payment keeps the spread at $169/mo. Purchase price stands at $215,000, and rental yield measures 8.37% with $1,500/mo rent. Return on cash invested shows 22.75% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 118.08% and total cumulative return in cash records $84,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Multi Family
Built in 1983
5,500 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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