734 Homestead 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
Rental property for sale in Metairie at 734 Homestead Ave, Metairie, LA, 70005 priced at $315,000 converts $2,851/mo rent into $900/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,851/mo, and annual cash flow totals $10,794/yr on $104,423 invested. Return on cash invested prints 30.25% in year one, and rental yield reads 10.86% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 158.3% and total cumulative return in cash sums $165,305. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,851/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1951
6,000 sqft 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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