4900 Rye 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 4900 Rye St, Metairie, LA, 70006 priced at $335,000 converts $3,130/mo rent into $1,055/mo cash flow after a $1,640/mo obligation. Total monthly income equals $3,130/mo, and annual cash flow totals $12,654/yr on $111,053 invested. Return on cash invested prints 31.3% in year one, and rental yield reads 11.21% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 163.97% and total cumulative return in cash sums $182,096. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,130/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 1974
7,308 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: Kristi Salvaggio • Sound Realty LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2470025
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