5028 Ithaca 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
Investment property for sale in Metairie at 5028 Ithaca St, Metairie, LA, 70006 offers a 11.97% rental yield on a $350,000 purchase with $3,492/mo rent. Total monthly income registers $3,492/mo, and a $1,713/mo payment leaves $1,324/mo available for distribution. Annual cash flow reaches $15,888/yr on $116,025 to close, and return on cash invested stands at 33.6% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 176.27% and total cumulative return in cash at $204,518. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,492/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
N/A 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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