3624 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
Investment property for sale in Avondale at 3624 Cherrygrove Dr, Avondale, LA, 70094 uses $91,676 cash to close to unlock $1,038/yr annual cash flow and $86/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,354/mo payment keeps the spread at $86/mo. Purchase price stands at $276,550, and rental yield measures 7.81% with $1,800/mo rent. Return on cash invested shows 21.04% in year one, and 5% annual appreciation builds toward $76,406 over five years. Five-year ROI reaches 108.95% and total cumulative return in cash records $99,882. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,354/mo payment rather than investor’s personal income.
Single Family
Built in 2025
5,662 sqft lot
$N/A/sqft
No 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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