3801 Tolmas DrMetairieLA70002
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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 3801 Tolmas Dr, Metairie, LA, 70002 uses $203,980 cash to close to unlock $25,908/yr annual cash flow and $2,159/mo monthly cash flow. Total monthly income runs $6,000/mo, and a $3,035/mo payment keeps the spread at $2,159/mo. Purchase price stands at $620,000, and rental yield measures 11.61% with $6,000/mo rent. Return on cash invested shows 32.76% in year one, and 5% annual appreciation builds toward $171,295 over five years. Five-year ROI reaches 171.72% and total cumulative return in cash records $350,283. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,000/mo property income covering a $3,035/mo payment rather than investor’s personal income.
Single Family
Built in 1976
7,021 sqft 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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Listed by: Liz Edgecomb • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls Provider:
Mls ID: #2494442
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.