Zip Code 70002 — Metairie, LA
🔴WEAK— appreciation play onlyCap Rate
2.7%
Monthly Cash Flow
-$1,110
Median Home Price
$361,792
DSCR
0.42
🏠 Fair Market Rents
- Studio
- $910/mo
- 1 Bedroom
- $1,060/mo
- 2 Bedroom
- $1,260/mo
- 3 Bedroom
- $1,620/mo
- 4 Bedroom
- $1,890/mo
📊 Investment Metrics
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -16.0%
- Price-to-Rent Ratio
- 18.6
- 1% Rule
- 0.45%
- Gross Rent Multiplier
- 18.6
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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