622 Division StMetairieLA70001
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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 622 Division St, Metairie, LA, 70001 with 5% annual appreciation on a $279,800 basis while $1,934/mo rent supports operations. Total monthly income totals $1,934/mo and a $1,369/mo payment preserves $156/mo for cash returns. Annual cash flow comes to $1,875/yr on $92,754 deployed, and return on cash invested reaches 21.93% in year one. Equity gained on principal adds $1,806/yr, and five-year appreciation sums $77,304 alongside rental yield of 8.29%. Five-year ROI measures 113.93% and total cumulative return in cash totals $105,678.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,934/mo property income versus a $1,369/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
1 Acres 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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