96 Creagan AveGretnaLA70053
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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 Gretna at 96 Creagan Ave, Gretna, LA, 70053 offers $1,358/mo rent that, after a $832/mo payment, leaves $305/mo cash flow. Total monthly income is $1,358/mo, and annual cash flow is $3,662/yr on $56,322 cash. Return on cash invested measures 26.41% in year one, and rental yield stands at 9.59% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 137.81% and total cumulative return in cash reaches $77,618. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,358/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
8,694 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70053, Gretna, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,605 (100%) |
| Owner Occupied HU | 3,144 (41.3%) |
| Renter Occupied HU | 3,573 (47.0%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $292,284 |
| Average Home Value | $358,441 |
Housing Distribution
Address Breakdown
Residential
7,382
Single Family
6,384
Multi-Family
998
Businesses
1,152
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Listed by: Cassie Cure • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls Provider:
Mls ID: #2493203
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.