812 Martin Behrman Ave APT MMetairieLA70005
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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 812 Martin Behrman Ave APT M, Metairie, LA, 70005 offers $868/mo rent that, after a $558/mo payment. Total monthly income is $868/mo. Return on cash invested measures 15.52% in year one, and rental yield stands at 9.14% at a $114,000 entry. Equity gained on principal adds $736/yr while 5% annual appreciation compounds into $31,496 by year five. Five-year ROI records 82.77% and total cumulative return in cash reaches $31,279. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $868/mo property income versus a $558/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1975
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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Listed by: Kellee Butler • Century 21 Action Realty, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2470701
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