641 Fielding AveGretnaLA70056
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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 Gretna at 641 Fielding Ave, Gretna, LA, 70056 with 5% annual appreciation on a $274,000 basis while $1,950/mo rent supports operations. Total monthly income totals $1,950/mo and a $1,341/mo payment preserves $253/mo for cash returns. Annual cash flow comes to $3,034/yr on $90,831 deployed, and return on cash invested reaches 23.25% in year one. Equity gained on principal adds $1,768/yr, and five-year appreciation sums $75,701 alongside rental yield of 8.54%. Five-year ROI measures 120.76% and total cumulative return in cash totals $109,689.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,950/mo property income versus a $1,341/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70056, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,069 (100%) |
| Owner Occupied HU | 8,668 (53.9%) |
| Renter Occupied HU | 6,434 (40.0%) |
| Vacant Housing Units | 967 ( 6.0%) |
| Median Home Value | $255,596 |
| Average Home Value | $301,359 |
Housing Distribution
Address Breakdown
Residential
15,667
Single Family
11,692
Multi-Family
3,975
Businesses
1,094
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Listed by: Corey Murphy • Forte Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2473952
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