7716 Leonard AveMetairieLA70003
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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 7716 Leonard Ave, Metairie, LA, 70003 uses $88,676 cash to close to unlock $10,359/yr annual cash flow and $863/mo monthly cash flow. Total monthly income runs $2,520/mo, and a $1,309/mo payment keeps the spread at $863/mo. Purchase price stands at $267,500, and rental yield measures 11.3% with $2,520/mo rent. Return on cash invested shows 31.59% in year one, and 5% annual appreciation builds toward $73,905 over five years. Five-year ROI reaches 165.52% and total cumulative return in cash records $146,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $1,309/mo payment rather than investor’s personal income.
Single Family
Built in 1966
5,501 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: Stella Del Bianco • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls Provider:
Mls ID: #2501534
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.