322 Ormond Meadows Dr APT CDestrehanLA70047
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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 Destrehan at 322 Ormond Meadows Dr APT C, Destrehan, LA, 70047 priced at $149,999 converts $1,162/mo rent into $233/mo cash flow after a $734/mo obligation. Total monthly income equals $1,162/mo, and annual cash flow totals $2,796/yr on $49,725 invested. Return on cash invested prints 25.53% in year one, and rental yield reads 9.3% against a $149,999 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 132.98% and total cumulative return in cash sums $66,126. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,162/mo property income covering a $734/mo payment, not borrower’s personal income.
Townhouse
Built in 1984
1,904 sqft lot
$N/A/sqft
No HOA
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Listed by: Alanea Champagne • RE/MAX Synergy
Mls Name: GSREIN
Mls Provider:
Mls ID: #2480166
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