3400 W Esplanade Ave N APT DMetairieLA70002
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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 3400 W Esplanade Ave N APT D, Metairie, LA, 70002 uses $91,163 cash to close to unlock $6,126/yr annual cash flow and $511/mo monthly cash flow. Total monthly income runs $2,214/mo, and a $1,346/mo payment keeps the spread at $511/mo. Purchase price stands at $275,000, and rental yield measures 9.66% with $2,214/mo rent. Return on cash invested shows 26.63% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 138.91% and total cumulative return in cash records $126,635. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,214/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70002, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,572 (100%) |
| Owner Occupied HU | 4,532 (47.3%) |
| Renter Occupied HU | 4,178 (43.6%) |
| Vacant Housing Units | 862 ( 9.0%) |
| Median Home Value | $392,874 |
| Average Home Value | $433,147 |
Housing Distribution
Address Breakdown
Residential
9,473
Single Family
5,506
Multi-Family
3,967
Businesses
2,303
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