608 Grove AveMetairieLA70003
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
Investment property for sale in Metairie at 608 Grove Ave, Metairie, LA, 70003 at $201,000 posts ROI 21.92% with $112/mo cash flow from $1,357/mo rent. Total monthly income equals $1,357/mo, and annual cash flow records $1,340/yr on $66,632 to close. Return on cash invested measures 21.92% and rental yield reads 8.1% at the current $201,000. Equity gained on principal adds $1,297/yr, and 5% annual appreciation supports $55,533 by year five. Five-year ROI prints 113.65% and total cumulative return in cash totals $75,730.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,357/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
1 Acres 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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Nearby investment properties with comparable prices
Listed by: Nancy Crates • Freret Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2478121
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