516 N Turnbull DrMetairieLA70001
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 516 N Turnbull Dr, Metairie, LA, 70001 priced at $192,000 converts $2,250/mo rent into $948/mo cash flow after a $940/mo obligation. Total monthly income equals $2,250/mo, and annual cash flow totals $11,381/yr on $63,648 invested. Return on cash invested prints 37.79% in year one, and rental yield reads 14.06% against a $192,000 entry. Equity gained on principal adds $1,239/yr, while 5% annual appreciation compiles into $53,046 by year five. Five-year ROI reaches 199.55% and total cumulative return in cash sums $127,012. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,250/mo property income covering a $940/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
1 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices