404 Elmeer AveMetairieLA70005
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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 404 Elmeer Ave, Metairie, LA, 70005 with 5% annual appreciation on a $900,000 basis while $3,780/mo rent supports operations. 79% in year one. Equity gained on principal adds $5,808/yr, and five-year appreciation sums $248,653 alongside rental yield of 5.04%. Five-year ROI measures 64.61% and total cumulative return in cash totals $191,304. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,780/mo property income versus a $4,405/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1927
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70005, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,735 (100%) |
| Owner Occupied HU | 7,413 (58.2%) |
| Renter Occupied HU | 4,248 (33.4%) |
| Vacant Housing Units | 1,074 ( 8.4%) |
| Median Home Value | $427,446 |
| Average Home Value | $580,693 |
Housing Distribution
Address Breakdown
Residential
12,470
Single Family
9,844
Multi-Family
2,626
Businesses
879
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Listed by: John Exnicios • Berkshire Hathaway HomeServices Preferred, REALTOR
Mls Name: GSREIN
Mls Provider:
Mls ID: #2437229
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