7 Albert CtMetairieLA70003
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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
Rental property for sale in Metairie at 7 Albert Ct, Metairie, LA, 70003 generates $2,320/mo in rent and, after a $1,321/mo payment, leaves $648/mo in cash flow. Total monthly income is $2,320/mo, and annual cash flow is $7,778/yr on $89,472 invested. Return on cash invested sits at 28.6% in year one, and rental yield is 10.31% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 149.5% and total cumulative return in cash sums $133,758. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,320/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
6,000 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
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Listed by: Theresa Perelli • LATTER & BLUM (LATT30)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2506277
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