427 Firethorn 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
Investment property for sale in Gretna at 427 Firethorn Dr, Gretna, LA, 70056 listed at $169,900 pairs $1,298/mo rent with a $832/mo payment to leave $245/mo cash flow. Total monthly income runs $1,298/mo, and annual cash flow reaches $2,942/yr on $56,322 cash to close. Return on cash invested measures 25.13% in year one, and rental yield registers 9.17% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 130.91% and total cumulative return in cash totals $73,730. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,298/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
5,423 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: Duane Evans • LEONE GNO REALTY LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2454064
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