515 Oaklawn DrMetairieLA70005
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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 515 Oaklawn Dr, Metairie, LA, 70005 listed at $438,000 pairs $2,774/mo rent with a $2,144/mo payment to leave $61/mo cash flow. Total monthly income runs $2,774/mo, and annual cash flow reaches $727/yr on $145,197 cash to close. Return on cash invested measures 20.41% in year one, and rental yield registers 7.6% at a $438,000 basis. Equity gained on principal adds $2,826/yr, and annual property appreciation at 5% supports $121,011 by year five. Five-year ROI tracks 105.54% and total cumulative return in cash totals $153,246. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,774/mo property income relative to a $2,144/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
5,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70005, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,735 (100%) |
| Owner Occupied HU | 7,413 (58.2%) |
| Renter Occupied HU | 4,248 (33.4%) |
| Vacant Housing Units | 1,074 ( 8.4%) |
| Median Home Value | $427,446 |
| Average Home Value | $580,693 |
Housing Distribution
Address Breakdown
Residential
12,470
Single Family
9,844
Multi-Family
2,626
Businesses
879
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