809 Gerry DrKennerLA70062
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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 Kenner at 809 Gerry Dr, Kenner, LA, 70062 offers a 9.23% rental yield on a $145,000 purchase with $1,115/mo rent. Total monthly income registers $1,115/mo, and a $710/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,598/yr on $48,068 to close, and return on cash invested stands at 25.31% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 131.86% and total cumulative return in cash at $63,380. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,115/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
6,300 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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Listed by: Carla Jewell • Freret Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2478435
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