307 Wright AveTerrytownLA70056
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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
Rental property for sale in Terrytown at 307 Wright Ave, Terrytown, LA, 70056 priced at $267,000 converts $1,619/mo rent into after a $1,307/mo obligation. Total monthly income equals $1,619/mo. Return on cash invested prints 19.43% in year one, and rental yield reads 7.28% against a $267,000 entry. Equity gained on principal adds $1,723/yr, while 5% annual appreciation compiles into $73,767 by year five. Five-year ROI reaches 100.29% and total cumulative return in cash sums $88,771. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,619/mo property income covering a $1,307/mo payment, not borrower’s personal income.
Single Family
Built in 1975
7,744 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70056, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,069 (100%) |
| Owner Occupied HU | 8,668 (53.9%) |
| Renter Occupied HU | 6,434 (40.0%) |
| Vacant Housing Units | 967 ( 6.0%) |
| Median Home Value | $255,596 |
| Average Home Value | $301,359 |
Housing Distribution
Address Breakdown
Residential
15,667
Single Family
11,692
Multi-Family
3,975
Businesses
1,094
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Listed by: Kenneth Ackermann • NOLA Living Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2501437
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.