4612 Lorino StMetairieLA70006
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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 4612 Lorino St, Metairie, LA, 70006 priced at $449,000 pairs $3,244/mo rent with $462/mo cash flow after a $2,198/mo payment. Total monthly income equals $3,244/mo, and annual cash flow comes to $5,548/yr on $148,844 invested. Return on cash invested is 23.64% in year one, and rental yield stands at 8.67% on a $449,000 basis. Equity gained on principal adds $2,897/yr, and 5% annual appreciation accumulates to $124,050 by year five. Five-year ROI measures 122.86% and total cumulative return in cash reaches $182,872. For financing, Ziffy Mortgage’s DSCR program evaluates $3,244/mo property income against a $2,198/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
5,371 sqft 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
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Listed by: Joseph Brisset • XLV Realty LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2498128
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.