620 Carnation AveMetairieLA70001
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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 620 Carnation Ave, Metairie, LA, 70001 uses $102,434 cash to close to unlock $4,876/yr annual cash flow and $406/mo monthly cash flow. Total monthly income runs $2,320/mo, and a $1,512/mo payment keeps the spread at $406/mo. Purchase price stands at $309,000, and rental yield measures 9.01% with $2,320/mo rent. Return on cash invested shows 24.67% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 128.39% and total cumulative return in cash records $131,513. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,320/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Single Family
Built in 1989
5,998 sqft 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
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