517 Colony PlMetairieLA70003
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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 517 Colony Pl, Metairie, LA, 70003 with 5% annual appreciation on a $269,000 basis while $2,149/mo rent supports operations. Total monthly income totals $2,149/mo and a $1,317/mo payment preserves $482/mo for cash returns. Annual cash flow comes to $5,788/yr on $89,174 deployed, and return on cash invested reaches 26.4% in year one. Equity gained on principal adds $1,736/yr, and five-year appreciation sums $74,320 alongside rental yield of 9.59%. Five-year ROI measures 137.69% and total cumulative return in cash totals $122,783.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,149/mo property income versus a $1,317/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
6,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70003, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,181 (100%) |
| Owner Occupied HU | 12,007 (69.9%) |
| Renter Occupied HU | 4,056 (23.6%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $284,249 |
| Average Home Value | $307,002 |
Housing Distribution
Address Breakdown
Residential
16,818
Single Family
14,912
Multi-Family
1,906
Businesses
763
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