316 Nursery AveMetairieLA70005
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Metairie at 316 Nursery Ave, Metairie, LA, 70005 priced at $550,000 pairs $5,293/mo rent with $1,886/mo cash flow after a $2,692/mo payment. Total monthly income equals $5,293/mo, and annual cash flow comes to $22,632/yr on $180,950 invested. Return on cash invested is 32.57% in year one, and rental yield stands at 11.55% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 170.68% and total cumulative return in cash reaches $308,854. For financing, Ziffy Mortgage’s DSCR program evaluates $5,293/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2001
3,550 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70005, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,735 (100%) |
| Owner Occupied HU | 7,413 (58.2%) |
| Renter Occupied HU | 4,248 (33.4%) |
| Vacant Housing Units | 1,074 ( 8.4%) |
| Median Home Value | $427,446 |
| Average Home Value | $580,693 |
Housing Distribution
Address Breakdown
Residential
12,470
Single Family
9,844
Multi-Family
2,626
Businesses
879
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices