800 Rue Rampart APT 230MetairieLA70005
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 800 Rue Rampart APT 230, Metairie, LA, 70005 uses $172,725 cash to close to unlock $2,826/yr annual cash flow and $236/mo monthly cash flow. Total monthly income runs $3,488/mo, and a $2,570/mo payment keeps the spread at $236/mo. Purchase price stands at $525,000, and rental yield measures 7.97% with $3,488/mo rent. Return on cash invested shows 21.7% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 112.41% and total cumulative return in cash records $194,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,488/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Condo
Built in 1989
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices