616-18 Gulf DrGretnaLA70053
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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 Gretna at 616-18 Gulf Dr, Gretna, LA, 70053 earns $570/mo cash flow from $1,963/mo rent with a $1,101/mo payment. Total monthly income totals $1,963/mo, and annual cash flow totals $6,834/yr on $74,588 capital. ROI tracks 29.07% on current figures, and rental yield reads 10.47% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 152.02% and total cumulative return in cash sums $113,385. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,963/mo property income instead of your personal income.
Multi Family
Built in 1975
5,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70053, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,605 (100%) |
| Owner Occupied HU | 3,144 (41.3%) |
| Renter Occupied HU | 3,573 (47.0%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $292,284 |
| Average Home Value | $358,441 |
Housing Distribution
Address Breakdown
Residential
7,382
Single Family
6,384
Multi-Family
998
Businesses
1,152
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