3624 Tartan DrMetairieLA70003
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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 3624 Tartan Dr, Metairie, LA, 70003 listed at $319,900 pairs $2,224/mo rent with a $1,566/mo payment to leave $242/mo cash flow. Total monthly income runs $2,224/mo, and annual cash flow reaches $2,906/yr on $106,047 cash to close. Return on cash invested measures 22.65% in year one, and rental yield registers 8.34% at a $319,900 basis. Equity gained on principal adds $2,064/yr, and annual property appreciation at 5% supports $88,382 by year five. Five-year ROI tracks 117.58% and total cumulative return in cash totals $124,688. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,224/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70003, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,181 (100%) |
| Owner Occupied HU | 12,007 (69.9%) |
| Renter Occupied HU | 4,056 (23.6%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $284,249 |
| Average Home Value | $307,002 |
Housing Distribution
Address Breakdown
Residential
16,818
Single Family
14,912
Multi-Family
1,906
Businesses
763
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Listed by: Feras Ayyad • RE/MAX Select
Mls Name: GSREIN
Mls Provider:
Mls ID: #2471692
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