308 Ormond Meadows Dr APT BDestrehanLA70047
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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 Destrehan at 308 Ormond Meadows Dr APT B, Destrehan, LA, 70047 earns $682/mo cash flow from $1,858/mo rent with a $929/mo payment. Total monthly income totals $1,858/mo, and annual cash flow totals $8,186/yr on $62,952 capital. ROI tracks 32.91% on current figures, and rental yield reads 11.74% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 172.63% and total cumulative return in cash sums $108,677. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,858/mo property income instead of your personal income.
Townhouse
Built in 1984
2,347 sqft lot
$N/A/sqft
No HOA
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Listed by: Brian Maurice • Real Broker, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499432
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.