708 Old Metairie DrMetairieLA70001
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 708 Old Metairie Dr, Metairie, LA, 70001 at $355,000 posts ROI 22% with $206/mo cash flow from $2,405/mo rent. Total monthly income equals $2,405/mo, and annual cash flow records $2,466/yr on $117,683 to close. Return on cash invested measures 22% and rental yield reads 8.13% at the current $355,000. Equity gained on principal adds $2,291/yr, and 5% annual appreciation supports $98,080 by year five. Five-year ROI prints 114.09% and total cumulative return in cash totals $134,268.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,405/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1983
2,496 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70001, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,123 (100%) |
| Owner Occupied HU | 8,964 (44.5%) |
| Renter Occupied HU | 9,454 (47.0%) |
| Vacant Housing Units | 1,705 ( 8.5%) |
| Median Home Value | $339,838 |
| Average Home Value | $407,426 |
Housing Distribution
Address Breakdown
Residential
19,374
Single Family
13,074
Multi-Family
6,300
Businesses
1,480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices