312 Lynnette DrMetairieLA70003
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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 312 Lynnette Dr, Metairie, LA, 70003 offers a 11.47% rental yield on a $243,700 purchase with $2,329/mo rent. Total monthly income registers $2,329/mo, and a $1,193/mo payment leaves $789/mo available for distribution. Annual cash flow reaches $9,467/yr on $80,787 to close, and return on cash invested stands at 31.63% in year one. Equity gained on principal adds $1,573/yr while 5% annual appreciation supports $67,330 over five years. Portfolio math shows five-year ROI at 165.86% and total cumulative return in cash at $133,992. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,329/mo property income against a $1,193/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70003, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,181 (100%) |
| Owner Occupied HU | 12,007 (69.9%) |
| Renter Occupied HU | 4,056 (23.6%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $284,249 |
| Average Home Value | $307,002 |
Housing Distribution
Address Breakdown
Residential
16,818
Single Family
14,912
Multi-Family
1,906
Businesses
763
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