4504 Newlands StMetairieLA70006
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4504 Newlands St, Metairie, LA, 70006 offers $2,526/mo rent that, after a $1,291/mo payment, leaves $892/mo cash flow. Total monthly income is $2,526/mo, and annual cash flow is $10,705/yr on $87,450 cash. Return on cash invested measures 32.15% in year one, and rental yield stands at 11.49% at a $263,800 entry. Equity gained on principal adds $1,702/yr while 5% annual appreciation compounds into $72,883 by year five. Five-year ROI records 168.55% and total cumulative return in cash reaches $147,395. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,526/mo property income versus a $1,291/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices