393 Westmeade DrGretnaLA70056
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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 Gretna at 393 Westmeade Dr, Gretna, LA, 70056 priced at $230,000 converts $1,641/mo rent into $216/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,641/mo, and annual cash flow totals $2,592/yr on $76,245 invested. Return on cash invested prints 23.31% in year one, and rental yield reads 8.56% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 121.06% and total cumulative return in cash sums $92,299. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,641/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1979
6,825 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70056, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,069 (100%) |
| Owner Occupied HU | 8,668 (53.9%) |
| Renter Occupied HU | 6,434 (40.0%) |
| Vacant Housing Units | 967 ( 6.0%) |
| Median Home Value | $255,596 |
| Average Home Value | $301,359 |
Housing Distribution
Address Breakdown
Residential
15,667
Single Family
11,692
Multi-Family
3,975
Businesses
1,094
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Listed by: Antonio Cousin • Service 1st Real Estate
Mls Name: GSREIN
Mls Provider:
Mls ID: #2478231
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