6409 Glendale 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
Investment property for sale in Metairie at 6409 Glendale St, Metairie, LA, 70003 with 5% annual appreciation on a $180,200 basis while $1,386/mo rent supports operations. Total monthly income totals $1,386/mo and a $882/mo payment preserves $270/mo for cash returns. Annual cash flow comes to $3,237/yr on $59,736 deployed, and return on cash invested reaches 25.33% in year one. Equity gained on principal adds $1,163/yr, and five-year appreciation sums $49,786 alongside rental yield of 9.23%. Five-year ROI measures 131.93% and total cumulative return in cash totals $78,812.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,386/mo property income versus a $882/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
5,998 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