3000 12th St, Metairie, LA, 70002 | 3.04% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,585/mo, and a $3,059/mo payment. Purchase price stands at $624,900, and rental yield measures 3.04% with $1,585/mo rent. Return on cash invested shows 6.72% in year one, and 5% annual appreciation builds toward $172,648 over five years. Five-year ROI reaches 32.06% and total cumulative return in cash records $65,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,585/mo property income covering a $3,059/mo payment rather than investor’s personal income.

Townhouse

Built in 1980

6,000 sqft 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