8716 Westgate StMetairieLA70003
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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 8716 Westgate St, Metairie, LA, 70003 priced at $130,900 converts $2,010/mo rent into $1,199/mo cash flow after a $641/mo obligation. Total monthly income equals $2,010/mo, and annual cash flow totals $14,386/yr on $43,393 invested. Return on cash invested prints 53.06% in year one, and rental yield reads 18.43% against a $130,900 entry. Equity gained on principal adds $845/yr, while 5% annual appreciation compiles into $36,165 by year five. Five-year ROI reaches 280.65% and total cumulative return in cash sums $121,785. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,010/mo property income covering a $641/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1 Acres 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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