3013 Haring RdMetairieLA70006
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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 Metairie at 3013 Haring Rd, Metairie, LA, 70006 uses $77,903 cash to close to unlock $1,902/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $1,614/mo, and a $1,150/mo payment keeps the spread at $159/mo. Purchase price stands at $235,000, and rental yield measures 8.24% with $1,614/mo rent. Return on cash invested shows 22.35% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 115.95% and total cumulative return in cash records $90,328. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,614/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1967
7,475 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70006, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,026 (100%) |
| Owner Occupied HU | 4,080 (58.1%) |
| Renter Occupied HU | 2,300 (32.7%) |
| Vacant Housing Units | 646 ( 9.2%) |
| Median Home Value | $353,857 |
| Average Home Value | $409,112 |
Housing Distribution
Address Breakdown
Residential
6,786
Single Family
5,481
Multi-Family
1,305
Businesses
908
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