3805 Houma Blvd UNIT C307MetairieLA70006
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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 Metairie at 3805 Houma Blvd UNIT C307, Metairie, LA, 70006 generates $897/mo in rent, after a $563/mo payment. Total monthly income is $897/mo. Return on cash invested sits at 13.47% in year one, and rental yield is 9.36% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 72.83% and total cumulative return in cash sums $27,765. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $897/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70006, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,026 (100%) |
| Owner Occupied HU | 4,080 (58.1%) |
| Renter Occupied HU | 2,300 (32.7%) |
| Vacant Housing Units | 646 ( 9.2%) |
| Median Home Value | $353,857 |
| Average Home Value | $409,112 |
Housing Distribution
Address Breakdown
Residential
6,786
Single Family
5,481
Multi-Family
1,305
Businesses
908
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Listed by: Donna Glaudi • LATTER & BLUM (LATT01)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2481623
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