717 Phosphor AveMetairieLA70005
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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 Metairie at 717 Phosphor Ave, Metairie, LA, 70005 uses $106,809 cash to close to unlock $5,448/yr annual cash flow and $454/mo monthly cash flow. Total monthly income runs $2,582/mo, and a $1,577/mo payment keeps the spread at $454/mo. Purchase price stands at $322,200, and rental yield measures 9.62% with $2,582/mo rent. Return on cash invested shows 25.01% in year one, and 5% annual appreciation builds toward $89,018 over five years. Five-year ROI reaches 130.78% and total cumulative return in cash records $139,690. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,582/mo property income covering a $1,577/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70005, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,735 (100%) |
| Owner Occupied HU | 7,413 (58.2%) |
| Renter Occupied HU | 4,248 (33.4%) |
| Vacant Housing Units | 1,074 ( 8.4%) |
| Median Home Value | $427,446 |
| Average Home Value | $580,693 |
Housing Distribution
Address Breakdown
Residential
12,470
Single Family
9,844
Multi-Family
2,626
Businesses
879
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