624 Lynnette DrMetairieLA70003
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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 624 Lynnette Dr, Metairie, LA, 70003 earns $269/mo cash flow from $1,226/mo rent with a $756/mo payment. Total monthly income totals $1,226/mo, and annual cash flow totals $3,230/yr on $51,217 capital. ROI tracks 26.22% on current figures, and rental yield reads 9.52% at a $154,500 purchase. Equity gained on principal adds $997/yr, and 5% annual appreciation supports $42,686 over five years. Five-year ROI reaches 136.74% and total cumulative return in cash sums $70,035. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,226/mo property income instead of your personal income.
Single Family
Built in 1955
6,000 sqft 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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