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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Metairie at 6901 Veterans Memorial Blvd APT 60, Metairie, LA, 70003 listed at $105,000 pairs $812/mo rent with a $514/mo payment to leave $162/mo cash flow. Total monthly income runs $812/mo, and annual cash flow reaches $1,938/yr on $34,808 cash to close. Return on cash invested measures 25.48% in year one, and rental yield registers 9.28% at a $105,000 basis. Equity gained on principal adds $678/yr, and annual property appreciation at 5% supports $29,010 by year five. Five-year ROI tracks 132.77% and total cumulative return in cash totals $46,214. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $812/mo property income relative to a $514/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 70003, Metairie, LA area.
| 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 |
Residential
16,818
Single Family
14,912
Multi-Family
1,906
Businesses
763
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Alorea Gilyot • LATTER & BLUM (LATT09)
Mls Name: GSREIN
Mls ID: #2516127
