4833 Wabash St APT 3MetairieLA70001
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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 4833 Wabash St APT 3, Metairie, LA, 70001 generates $1,026/mo in rent and, after a $636/mo payment, leaves $221/mo in cash flow. Total monthly income is $1,026/mo, and annual cash flow is $2,654/yr on $43,062 invested. Return on cash invested sits at 26.07% in year one, and rental yield is 9.48% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 136.01% and total cumulative return in cash sums $58,567. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,026/mo property income rather than buyer’s personal income.
Condo
Built in 1979
7,500 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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