63 Patterson DrChalmetteLA70043
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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
Rental property for sale in Chalmette at 63 Patterson Dr, Chalmette, LA, 70043 priced at $195,000 pairs $1,807/mo rent with $600/mo cash flow after a $954/mo payment. Total monthly income equals $1,807/mo, and annual cash flow comes to $7,194/yr on $64,643 invested. Return on cash invested is 31.04% in year one, and rental yield stands at 11.12% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 162.56% and total cumulative return in cash reaches $105,082. For financing, Ziffy Mortgage’s DSCR program evaluates $1,807/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
6,359 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70043, Chalmette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,948 (100%) |
| Owner Occupied HU | 4,768 (53.3%) |
| Renter Occupied HU | 3,659 (40.9%) |
| Vacant Housing Units | 521 ( 5.8%) |
| Median Home Value | $213,669 |
| Average Home Value | $247,727 |
Housing Distribution
Address Breakdown
Residential
9,023
Single Family
8,699
Multi-Family
324
Businesses
942
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