601 Farrington DrMarreroLA70072
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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 Marrero at 601 Farrington Dr, Marrero, LA, 70072 offers a 10.01% rental yield on a $289,000 purchase with $2,411/mo rent. Total monthly income registers $2,411/mo, and a $1,415/mo payment leaves $620/mo available for distribution. Annual cash flow reaches $7,444/yr on $95,804 to close, and return on cash invested stands at 27.68% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 144.55% and total cumulative return in cash at $138,482. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,411/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
5,401 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70072, Marrero, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,976 (100%) |
| Owner Occupied HU | 15,926 (69.3%) |
| Renter Occupied HU | 5,606 (24.4%) |
| Vacant Housing Units | 1,444 ( 6.3%) |
| Median Home Value | $242,947 |
| Average Home Value | $279,908 |
Housing Distribution
Address Breakdown
Residential
22,298
Single Family
21,129
Multi-Family
1,169
Businesses
1,330
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