4614 Pike DrMetairieLA70003
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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 4614 Pike Dr, Metairie, LA, 70003 generates $3,092/mo in rent, after a $3,617/mo payment. Total monthly income is $3,092/mo. Return on cash invested sits at 12.73% in year one, and rental yield is 5.02% on a $738,900 entry. Equity gained on principal adds $4,768/yr, while 5% annual appreciation builds toward $204,144 over five years. Five-year ROI reaches 64.31% and total cumulative return in cash sums $156,325. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,092/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
9,702 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70003, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,181 (100%) |
| Owner Occupied HU | 12,007 (69.9%) |
| Renter Occupied HU | 4,056 (23.6%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $284,249 |
| Average Home Value | $307,002 |
Housing Distribution
Address Breakdown
Residential
16,818
Single Family
14,912
Multi-Family
1,906
Businesses
763
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