4608 Argonne StMetairieLA70001
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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 4608 Argonne St, Metairie, LA, 70001 priced at $362,000 pairs $2,659/mo rent with $362/mo cash flow after a $1,772/mo payment. Total monthly income equals $2,659/mo, and annual cash flow comes to $4,345/yr on $120,003 invested. Return on cash invested is 23.53% in year one, and rental yield stands at 8.81% on a $362,000 basis. Equity gained on principal adds $2,336/yr, and 5% annual appreciation accumulates to $100,014 by year five. Five-year ROI measures 122.49% and total cumulative return in cash reaches $146,989. For financing, Ziffy Mortgage’s DSCR program evaluates $2,659/mo property income against a $1,772/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
6,000 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: Blake Quinlivan • NOLA Living Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2515001
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.