709 29th StKennerLA70062
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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 Kenner at 709 29th St, Kenner, LA, 70062 generates $1,457/mo in rent and, after a $1,006/mo payment, leaves $184/mo in cash flow. Total monthly income is $1,457/mo, and annual cash flow is $2,206/yr on $68,123 invested. Return on cash invested sits at 23.15% in year one, and rental yield is 8.51% on a $205,500 entry. Equity gained on principal adds $1,326/yr, while 5% annual appreciation builds toward $56,776 over five years. Five-year ROI reaches 120.22% and total cumulative return in cash sums $81,895. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,457/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
5,404 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70062, Kenner, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,971 (100%) |
| Owner Occupied HU | 3,209 (46.0%) |
| Renter Occupied HU | 3,171 (45.5%) |
| Vacant Housing Units | 591 ( 8.5%) |
| Median Home Value | $240,259 |
| Average Home Value | $263,012 |
Housing Distribution
Address Breakdown
Residential
7,033
Single Family
6,205
Multi-Family
828
Businesses
1,952
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