6312 Gillen StMetairieLA70003
Nearby investment properties with comparable rents
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 Metairie at 6312 Gillen St, Metairie, LA, 70003 priced at $423,000 pairs $2,700/mo rent with $80/mo cash flow after a $2,070/mo payment. Total monthly income equals $2,700/mo, and annual cash flow comes to $961/yr on $140,225 invested. Return on cash invested is 20.59% in year one, and rental yield stands at 7.66% on a $423,000 basis. Equity gained on principal adds $2,730/yr, and 5% annual appreciation accumulates to $116,867 by year five. Five-year ROI measures 106.55% and total cumulative return in cash reaches $149,413. For financing, Ziffy Mortgage’s DSCR program evaluates $2,700/mo property income against a $2,070/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
7,000 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donna Steiner • LATTER & BLUM (LATT14)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499397
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.