3008 Lake Villa DrMetairieLA70002
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 Metairie at 3008 Lake Villa Dr, Metairie, LA, 70002 priced at $169,500 converts $1,342/mo rent into $292/mo cash flow after a $830/mo obligation. Total monthly income equals $1,342/mo, and annual cash flow totals $3,500/yr on $56,189 invested. Return on cash invested prints 26.14% in year one, and rental yield reads 9.5% against a $169,500 entry. Equity gained on principal adds $1,094/yr, while 5% annual appreciation compiles into $46,830 by year five. Five-year ROI reaches 136.29% and total cumulative return in cash sums $76,580. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,342/mo property income covering a $830/mo payment, not borrower’s personal income.
Single Family
Built in 1960
6,750 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 |
Housing Distribution
Address Breakdown
Residential
9,473
Single Family
5,506
Multi-Family
3,967
Businesses
2,303
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Listed by: Susan Dwyer • Village Properties
Mls Name: GSREIN
Mls Provider:
Mls ID: #2469622
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