3420 Texas AveKennerLA70065
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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 Kenner at 3420 Texas Ave, Kenner, LA, 70065 generates $2,294/mo in rent and, after a $1,415/mo payment, leaves $503/mo in cash flow. Total monthly income is $2,294/mo, and annual cash flow is $6,040/yr on $95,804 invested. Return on cash invested sits at 26.21% in year one, and rental yield is 9.53% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 136.67% and total cumulative return in cash sums $130,934. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,294/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
6,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70065, Kenner, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,493 (100%) |
| Owner Occupied HU | 12,340 (57.4%) |
| Renter Occupied HU | 6,983 (32.5%) |
| Vacant Housing Units | 2,170 (10.1%) |
| Median Home Value | $283,071 |
| Average Home Value | $336,608 |
Housing Distribution
Address Breakdown
Residential
20,987
Single Family
16,500
Multi-Family
4,487
Businesses
940
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Listed by: Patti Gracianette • LATTER & BLUM (LATT01)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2510037
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.