312 Westmeade DrGretnaLA70056
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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 Gretna at 312 Westmeade Dr, Gretna, LA, 70056 uses $101,108 cash to close to unlock $12,174/yr annual cash flow and $1,015/mo monthly cash flow. Total monthly income runs $2,904/mo, and a $1,493/mo payment keeps the spread at $1,015/mo. Purchase price stands at $305,000, and rental yield measures 11.43% with $2,904/mo rent. Return on cash invested shows 31.95% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 167.44% and total cumulative return in cash records $169,294. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,904/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Single Family
Built in 1968
6,300 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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