3621 Cherrygrove DrAvondaleLA70094
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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 Avondale at 3621 Cherrygrove Dr, Avondale, LA, 70094 offers $1,920/mo rent that, after a $1,309/mo payment, leaves $233/mo cash flow. Total monthly income is $1,920/mo, and annual cash flow is $2,791/yr on $88,627 cash. Return on cash invested measures 23.06% in year one, and rental yield stands at 8.62% at a $267,350 entry. Equity gained on principal adds $1,725/yr while 5% annual appreciation compounds into $73,864 by year five. Five-year ROI records 119.91% and total cumulative return in cash reaches $106,269. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,920/mo property income versus a $1,309/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,662 sqft lot
$N/A/sqft
$370 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70094, Westwego, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,153 (100%) |
| Owner Occupied HU | 7,662 (58.3%) |
| Renter Occupied HU | 4,035 (30.7%) |
| Vacant Housing Units | 1,456 (11.1%) |
| Median Home Value | $178,255 |
| Average Home Value | $242,467 |
Housing Distribution
Address Breakdown
Residential
13,007
Single Family
12,126
Multi-Family
881
Businesses
497
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Listed by: Saun Sullivan • Cicero Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #NO2025003736
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.