9 Fernwood StGretnaLA70056
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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 Gretna at 9 Fernwood St, Gretna, LA, 70056 at $699,000 posts ROI 22.38% with $445/mo cash flow from $4,775/mo rent. Total monthly income equals $4,775/mo, and annual cash flow records $5,344/yr on $229,971 to close. Return on cash invested measures 22.38% and rental yield reads 8.2% at the current $699,000. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 by year five. Five-year ROI prints 116.09% and total cumulative return in cash totals $266,978.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,775/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1992
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70056, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,069 (100%) |
| Owner Occupied HU | 8,668 (53.9%) |
| Renter Occupied HU | 6,434 (40.0%) |
| Vacant Housing Units | 967 ( 6.0%) |
| Median Home Value | $255,596 |
| Average Home Value | $301,359 |
Housing Distribution
Address Breakdown
Residential
15,667
Single Family
11,692
Multi-Family
3,975
Businesses
1,094
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