4008 Catherine AveMetairieLA70001
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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 4008 Catherine Ave, Metairie, LA, 70001 offers $1,790/mo rent that, after a $1,224/mo payment, leaves $241/mo cash flow. Total monthly income is $1,790/mo, and annual cash flow is $2,892/yr on $82,875 cash. Return on cash invested measures 23.4% in year one, and rental yield stands at 8.59% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 121.55% and total cumulative return in cash reaches $100,738. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,790/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70001, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,123 (100%) |
| Owner Occupied HU | 8,964 (44.5%) |
| Renter Occupied HU | 9,454 (47.0%) |
| Vacant Housing Units | 1,705 ( 8.5%) |
| Median Home Value | $339,838 |
| Average Home Value | $407,426 |
Housing Distribution
Address Breakdown
Residential
19,374
Single Family
13,074
Multi-Family
6,300
Businesses
1,480
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Listed by: Katie Pellegrin • 1 Percent Lists Gulf South
Mls Name: GSREIN
Mls Provider:
Mls ID: #2493749
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.